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Markets :: Plastics :: Polyethylene
Westlake Buys Stake in NGL Pipeline
8:09 AM MDT | October 4, 2010 | Lindsey Bewley
Westlake Chemical says it has purchased a 50% equity interest in Cypress Interstate Pipeline from Kinder Morgan Energy Partners (KMP; Houston). Financial details were not disclosed. The 104-mile Cypress Pipeline runs from Mont Belvieu, TX to Sulphur, LA and supplies natural gas liquid (NGLs) feedstocks to Westlake's Lake Charles, LA petrochemical complex. The NGLs are used at the site to produce ethylene and ethylene derivatives, including polyethylene (PE) and styrene. Westlake has the capacity to produce about 2.4 billion lbs/year of ethylene, 1.3...
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