Home / Knowledge / News / Textiles / Westlake to expand ethylene capacity at Kentucky facility
Westlake to expand ethylene capacity at Kentucky facility
12
Jan '16
Westlake Chemical Partners will be expanding ethylene capacity at the Calvert City, Kentucky facility owned by its affiliate, Westlake Chemical OpCo LP.

“This expansion will add 70 million pounds of stated annual ethylene capacity to the Calvert City facility during the first half of 2017,” a press release from Westlake informed.

"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 Lake Charles facility,” CEO Albert Chao said.

“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 per cent of OpCo's production is sold to our sponsor, Westlake Chemical Corporation,” he added.

“We believe the incremental earnings from these expansions will allow us to continue to grow our distributions at a low double-digit rate," Chao too informed.

Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop facilities for the processing of natural gas liquids as well as other qualifying activities.

The Partnership owns a 13.3 per cent interest in Westlake Chemical OpCo LP, whose assets include three facilities in Calvert City and Lake Charles which process ethane and propane into ethylene, and an ethylene pipeline. (AR)

 

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search