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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 | —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 Westlake’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 Westlake’s polyethylene units at Longview, TX. Westlake says the partnership...

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