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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


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