Westlake Chem

WLKP NYSE
21.66
+0.10
+0.46%
Closed 16:00 08/23 EDT
Open
21.52
Prev Close
21.56
High
21.66
Low
21.29
Volume
35.39K
Avg Vol (3M)
45.02K
52 Week High
25.85
52 Week Low
20.25
% Turnover
0.08%
Market Cap
761.12M
1D
5D
1M
3M
1Y
5Y

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Company Profile

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. As of December 31, 2016, OpCo's assets included three ethylene production facilities, which primarily convert ethane into ethylene, and a 200-mile ethylene pipeline. As of December 31, 2016, OpCo owned two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 630 million pounds.
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