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Chemical Week Magazine :: Business & Finance :: United States/Americas
Westlake to place ethylene assets in limited partnership
7:22 AM MDT | May 9, 2014 | â€”Robert Westervelt
Westlake Chemical has announced plans to carve out its ethylene assets into a tax-advantaged, separately traded master limited partnership (MLP), according to regulatory filings. The company, Westlake Chemical Partners LP, will own two ethylene facilities at Westlakeâ€™s Lake Charles, LA, site, with combined capacity of 2.7 billion lbs/year; one ethylene unit with capacity of 630 million lbs/year, at Calvert City, KY; and a 200-mile ethylene pipeline that runs from Mont Belvieu, TX, to Westlakeâ€™s polyethylene units at Longview, TX. Westlake says the partnership...
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