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Olefin production boosts demand for coal-based methanol in China

10:40 AM MDT | September 9, 2013 | —Deepti Ramesh

A wave of coal-based chemical investments in China has created a new phase of chemical production in the country, says a recent IHS Chemical report, China Coal Chemical Industry Analysis. China has the world’s third-largest coal reserves, behind the United States and Russia, and is the world’s largest consumer and producer of coal. China’s demand for coal is currently driven primarily by growth in the country’s power-generating sector, but persistently high crude oil prices and recent technological breakthroughs have focused China’s...

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