orporate Credit HY Multi Sector.Media. Cable & Satellite Figure 7: The cost advantage of U.S. ethane based producers vs naphtha- based producers in Eutope and Asia grew markedly from 2010 thru 2014 before compressing in 2015.16 90% • 00% • 70% 00%- 50% 40% 30% 20% 10% 0% wt. 2037 2008 2002