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IRS ruling outlines path to MLP treatment for US olefins production

12:29 PM MDT | October 17, 2012 | Robert Westervelt

Shares of US ethylene producers rallied yesterday on news of an IRS ruling that would allow olefins production to be structured as publicly traded partnerships. “Essentially, ethylene crackers can now possibly be structured as MLPs,” says Laurence Alexander, analyst with Jefferies (New York)....

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