26 October 2012 15:08 [Source: ICIS news]
HOUSTON (ICIS)--Eastman Chemical is looking at opportunities to use the tax-advantaged “Master Limited Partnership” (MLP) structure for olefins projects, the CFO of the US-based producer said on Friday.
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Eastman CFO Curt Espeland said the company is evaluating the ruling to see how it can benefit from it.
“[MLP] clearly becomes an additional factor to consider with our non-operating assets, like the idled cracker we have sitting in
“But it is clearly too early to say what is the best way to create value here,” Espeland told analysts during Eastman’s third-quarter results conference call.
Earlier this week, Andrew Liveris, CEO of Dow Chemical, also said that his company is looking at opportunities to use MLP structures as it works on new olefins projects.
Additional reporting by Joseph Chang in
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