The rapidly growing coal-to-chemical industry will continue to have a major impact on the conventional chemical industry.
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The recent decline in crude oil pricing creates a less favorable industry dynamic for unconventional chemical producers in China. Coal-to-Olefins (CTO) remains profitable, but its margin has been severely reduced as international polyolefin prices have declined with the decline in crude oil/naphtha pricing. Returns on new CTO investments will be challenging if low crude oil pricing persists. The investment economics in China for Methanol-to-Olefins (MTO) and Propane Dehydrogenation (PDH) are unfavorable under current spreads between methanol, LPG and olefins. This study will examine the outlook for the China coal chemical industry based on energy scenarios where crude oil prices trend well below $100/bbl.
- Updates the previous study's project status for the coal to chemical value chains in methanol,
- ethylene and propylene, MEG, PVC, and ethanol;
- adds new projects announced since the previous study was completed
- Includes updated economic analyses for coal to methanol, ethylene and propylene, MEG, and ethanol
- Contains an updated market outlook through 2030