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Watch: China's coal-, methanol-to-olefins profitability under pressure as crude prices remain low

China is the only country that has been pouring massive investments into petrochemicals production from coal and methanol. But with crude oil prices lingering at levels not seen in over a decade, do coal-to-olefins and methanol-to-olefins processes still hold a competitive edge against naphtha-based production? Platts senior managing editor Anton Ferkov examines CTO and MTO production costs and profitability in this low oil price environment.