Westlake expand ethylene capacity at Calvert City, US

Westlake to expand ethylene capacity at Calvert City, US

6:21 AM, 12th January 2016
Westlake to expand ethylene capacity at Calvert City, US
Albert Chao, president and CEO of Westlake Chemical Corporation. (File photo)

HOUSTON, US: Westlake Chemical Partners LP said that it has approved plans to expand ethylene capacity at the Calvert City, Kentucky facility owned by its affiliate, Westlake Chemical OpCo LP (OpCo). This expansion will add 70 million pounds of stated annual ethylene capacity to the Calvert City facility during the first half of 2017.

“This expansion, which combined with incremental capacity increases will total 100 million pounds of annual capacity, is in addition to the 250 million pound ethylene expansion at the Petro 1 facility in Lake Charles, Louisiana, which is expected to begin in the second quarter of 2016. The additional production of ethylene at both facilities will be sold under the terms of the long-term, fixed-margin ethylene sales agreement in which 95 percent of OpCo’s production is sold to our sponsor, Westlake Chemical Corp, at a price designed to generate a margin of ten cents per pound. We believe the incremental earnings from these expansions will allow us to continue to grow our distributions at a low double-digit rate,” said Albert Chao, president and CEO.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


A nanoscale look at why a new alloy is amazingly tough

BERKELEY, US: Just in time for the icy grip of winter: A team of researchers led by scientists from the Berkeley Lab has identified several mechanisms ...

Read more
How to train your bacterium

BERKELEY, US: Trainers of dogs, horses and other animal performers take note: a bacterium named Moorella thermoacetica has been induced to perform onl ...

Read more
Pond algae most effective in cleaning wastewater

PHILADELPHIA, US: A blob of algae scooped from a fountain on South Street almost two years ago, has seeded a crop of the green stuff that Drexel Unive ...

Read more
Cefic elects Marco as new director general

BRUSSELS, BELGIUM: Cefic (European Chemical Industry Council) said that it has elected Marco Mensink as its new director general of the Confederation ...

Read more
Sika opens new mortar production facility in Greece

BAAR, SWITZERLAND: Sika AG said that it has opened its new manufacturing site for mortars in Kryoneri, near Athens. Complementary to Sika’s exis ...

Read more
Lanxess starts up expanded high-performance plastics unit in US

COLOGNE, GERMANY/PITTSBURGH, US: Lanxess AG said that it has started up a second production line for high-performance plastics compounding at its faci ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X