Westlake Introduces High-Performance PIVOTAL™ Polyethylene Resin with Post-Consumer Content

Rhea-AI Summary

Westlake Corporation launches PIVOTAL™, a sustainable one-pellet solution for flexible packaging with up to 45% post-consumer resin (PCR). PIVOTAL™ received GreenCircle certification, highlighting the company's commitment to sustainability. Westlake continues its sustainability journey with a 2030 target to reduce CO2 emissions by 20% and additional sustainability goals.

Positive

• PIVOTAL™ offers a more sustainable material for flexible packaging with up to 45% PCR, potentially attracting environmentally-conscious customers. GreenCircle certification adds credibility to the PCR feedstock. Westlake's commitment to sustainability and transparency may positively impact its reputation and attract socially responsible investors.

Negative

• None.

“One-Pellet Solution” Targets Use of Post-Consumer Content in Flexible Packaging

HOUSTON--(BUSINESS WIRE)-- Westlake Corporation (NYSE: WLK) today announced the launch of PIVOTAL™, a line of “one-pellet solutions” for the introduction of post-consumer resin (PCR) into flexible packaging. PIVOTAL™ offers customers a more sustainable material for use in the production of non-FDA applications.

Westlake developed PIVOTAL™ to enable customers to maintain the performance levels of their applications while incorporating up to 45% PCR. Rigorous quality control during sourcing and manufacturing ensures that the product provides customers with properties comparable to that of virgin resin. This one-pellet solution is emerging as a more sustainable option for both monolayer and multilayer film applications.

In October 2022, PIVOTAL™ received GreenCircle certification. GreenCircle Certified, LLC conducted an independent, third-party evaluation to certify the PCR feedstock as being derived from post-consumer sources as well as to verify the PCR loading in each PIVOTAL™ offering. This certification was conducted in accordance with ISO14021 and FTC Green Guides while meeting the requirements of LEED v4 & v4.1 MR Credit: Sourcing of Raw Materials.

“Achieving GreenCircle certification assures our customers that their PCR supply chain is truly 100% post-consumer sourced. This highlights our ongoing commitment to sustainability and transparency with our customers,” said Amy Moore, Westlake vice president, polyethylene.

The introduction of the PIVOTAL™ product line continues Westlake’s ongoing sustainability journey. PIVOTAL™ joins Westlake’s portfolio of more environmentally-friendly products, including Westlake Vinnolit’s GreenVin^® lower-carbon PVC and Westlake Pipe & Fittings’ molecular-oriented PVC (PVCO) pipe.

In February 2022, Westlake announced its 2030 target to reduce Scope 1 and Scope 2 CO₂ equivalent emissions per ton of production by 20% by 2030 from a 2016 baseline. In May 2023, Westlake issued five additional sustainability goals on its website, centered around water, health and safety, community engagement, diversity and inclusion, and the circular economy.

Westlake will issue its 2022 sustainability report in October 2023.

About Westlake
Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions — from housing and construction, to packaging and healthcare, to automotive and consumer. For more information, visit the Company's web site at www.westlake.com.

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Chip Swearngan

mediarelations@westlake.com

1- 713-960-9111

Source: Westlake Corporation