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Westlake Chemical
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WLK Achieves a MLP Distributable Cash Flow of $9.0 Million in Q1
May 7, 2015For the first quarter ended March 31, 2105, NYSE listed Westlake Chemical Partners (WLKP) reported net income of $8.5 million, or $0.31 per limited partner unit. In a press release, WLKP said it achieved a MLP distributable cash flow ...
Tags: ethylene production, ethylene
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Westlake Chemical Corporation Has Awarded a Contract to Technip
Nov 21, 2014Westlake Chemical Corporation has awarded a contract to Technip to provide detailed engineering and procurement services to expand the recovery section of Westlake’s Petro 1 ethylene plant in Sulphur, Louisiana, USA. A statement ...
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Third-Quarter of 2014 Turnover Climbed to $1,253.2 Million at Westlake Chemical
Nov 17, 2014Driven by sales from Vinnolit, which it acquired in July 2014 and higher sales prices, revenue at Westlake Chemical surged 24.8% year-on-year in the third quarter ending September 30, 2014. Third-quarter of 2014 turnover climbed to ...
Tags: Westlake Chemical, Vinnolit, Textile
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Westlake Chemical Corp Will Invest More Than $330 Million to Expand Ethylene Capacity
Oct 28, 2014NYSE-listed Westlake Chemical Corp said it will invest more than $330 million to expand ethylene capacity and make other capital improvements at its Lake Charles facility in Louisiana. Once the expansion, which is expected to be completed ...
Tags: Westlake Chemical, Capacity, Textile
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Westlake Announced The Commencement of Its Initial Public Offering of Common Units
Aug 13, 2014Westlake Chemical Partners LP, a Westlake company, announced the commencement of its initial public offering of 11,250,000 common units representing limited partner interests in the Partnership, at an anticipated initial public offering ...
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Westlake Chemical Corporation Reported Record Quarterly Net Income of $170.3 Million
Nov 26, 2013Westlake Chemical Corporation reported record quarterly net income of $170.3 million, or $2.54 per diluted share, on net sales of $1,004.2 million for the quarter ended September 30, 2013. This represents an increase in net income of $83.3 ...
Tags: Ethane Prices, Textile
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Westlake Chemical Reported Record Quarterly Net Income of $170.3 Million
Nov 8, 2013Westlake Chemical Corporation reported record quarterly net income of $170.3 million, or $2.54 per diluted share, on net sales of $1,004.2 million for the quarter ended September 30, 2013. This represents an increase in net income of ...
Tags: Westlake Chemical, Textile
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The U.S. Chemical Processing Industry Sees Ups and Downs in Maintenance Turnarounds
Sep 20, 2013The U.S. Chemical Processing Industry sees ups and downs in maintenance turnarounds from year to year. Recently, there has been an ebb and flow, with spending and activity peaking every other year. Nevertheless, maintenance activity has ...
Tags: Construction, Decoration
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Mr. Michael J. Graff and Mr. R. Bruce Northcutt Are Elected to Company Board of Directors
May 21, 2013Westlake Chemical Corporation announced that Mr. Michael J. Graff (57) and Mr. R. Bruce Northcutt (53) have been elected to the company's board of directors. Mr. Graff is Chairman and Chief Executive Officer of American Air Liquide ...
Tags: Westlake Chemical, BoD, Metallurgy, Mineral&Energy
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Westlake Chemical Corporation Reported Net Income for The Three Months
Feb 20, 2013Westlake Chemical Corporation reported net income for the three months ended December 31, 2012 of $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, reported for the fourth ...
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US Steam Cracker Margins Climbed Week-on-Week
Jan 16, 2013US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
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Westlake Chemical Shut Its Petro-2 Steam Cracker in Lake Charles
Jan 14, 2013US olefins producer Westlake Chemical has shut its Petro-2 steam cracker in Lake Charles, Louisiana, while it carries out expansion work, the company said Thursday. The expansion of the 565,000 mt/year cracker will be carried out in ...
Tags: US, olefins, Westlake Chemical, shut, ethylene
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Westlake Chemical Expanded Petro 2 Ethylene Unit at Its Complex in Lake Charles
Jan 11, 2013Westlake Chemical Corporation's previously announced expansion of the Petro 2 ethylene unit at its complex in Lake Charles, LA has begun. This expansion will be completed in conjunction with a planned maintenance turnaround and will ...
Tags: Westlake Chemical Corporation, Petro 2 ethylene unit, expansion
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Westlake Will Enhance Vinyl Chain Integration
Dec 20, 2012Westlake Chemical Corporation announced it is converting the feedstock for its Calvert City, Kentucky ethylene plant from propane to ethane along with increasing ethylene capacity from 450 million pounds per year to 630 million pounds per ...
Tags: Westlake Chemical Corporation, feedstock, Calvert City, ethylene capacity
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An Expansion of The Petro 2 Ethylene Unit at Westlake Chemicalcomplex in Lake Charles
Dec 4, 2012Westlake Chemical Corporation announced that it will perform planned maintenance and an expansion of the Petro 2 ethylene unit at its complex in Lake Charles, LA in the first quarter of 2013. This expansion will increase ethane-based ...
Tags: ethylene unit, ethylene, styrene, propylene, caustic