STOCK TITAN

Westlake to Showcase Solutions for Enhancing Your Life Every Day® at NPE 2024

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Westlake (NYSE: WLK) will showcase its sustainable solutions at NPE 2024, focusing on essential products for various sectors like healthcare, automotive, and food packaging. The company is committed to sustainability and delivering high-value products that enhance everyday life. Westlake will exhibit products like PVCO pipe, Pivotal™ Polyethylene, Pivotal™ PVC Compounds, and GreenVin™ bio-attributed PVC at the event.

Positive
  • Westlake is showcasing its sustainable solutions at NPE 2024, demonstrating a commitment to delivering high-value products across multiple sectors like healthcare, automotive, and food packaging.

  • The company's focus on sustainability and innovation in products like PVCO pipe, Pivotal™ Polyethylene, Pivotal™ PVC Compounds, and GreenVin™ bio-attributed PVC highlights its dedication to enhancing everyday life while minimizing environmental impact.

Negative
  • Despite the positive outlook on sustainability and innovative products, Westlake may face challenges in scaling production of these new materials and compounds to meet market demands effectively.

HOUSTON--(BUSINESS WIRE)-- Westlake Corporation (NYSE: WLK), a global manufacturer and supplier of materials and innovative products, will showcase its solutions that enhance your life every day at NPE 2024 in OCCC West Hall Booth 203 ABC, to be held from May 6-10 in Orlando, Florida.

“We are excited to participate in NPE 2024 to present our products and sustainable solutions,” said Amy Moore, Vice President, Westlake Polyethylene. “Westlake strives to deliver high-value, essential products for our customers across several sectors — including healthcare, automotive, agriculture and water systems, food packaging, and housing materials. We endeavor to produce and deliver these goods in increasingly sustainable ways.”

Under the theme of “Enhancing Your Life Every Day,” three of Westlake’s businesses will showcase their products: Westlake Global Compounds, Westlake Polyethylene and Westlake North American Vinyls.

“As a global leader that produces and manufactures essential materials, we understand the critical role of plastics in our every day life,” said Erik Keracik, Vice President, Westlake North American Vinyls. “Polyvinyl Chloride (PVC) is the world’s third most widely used plastic and serves as an attractive alternative to traditional materials such as glass, metal, wood and other plastic materials because of its versatility, durability and cost competitiveness.”

“Westlake has a passion for working to meet customer needs through superior and new technology, product quality and operating excellence. We seek solutions that change lives and minimize environmental impact,” said Renee Havrilla, Vice President, Westlake Global Compounds. “We are excited to officially launch at NPE the Pivotal™ portfolio to now include PVC compounds.”

Westlake will highlight some of its diverse range of sustainable products at NPE including:

High-Performance Molecular-Oriented PVC (PVCO) Pipe

In 2022, Westlake expanded production of PVCO, a molecular-oriented PVC pipe material with enhanced water flow and a lower carbon footprint compared to traditional Westlake PVC pipe. During the manufacturing process, the PVC molecules are stretched and reorganized to increase material strength, making the pipe more flexible and lighter weight. Less material per unit length provides secondary benefits for shipping the product. By reducing the weight of the haulage, vehicles can use less fuel, thereby reducing carbon emissions. PVCO is available in North America.

Pivotal™ Product Line

Pivotal™ Polyethylene is specifically formulated to preserve film performance while incorporating Post-Consumer Recycled (PCR) content. Our product portfolio is designed to balance process stability and film performance while incorporating PCR into a variety of flexible film applications.

Pivotal™ PVC Compounds is specifically formulated with Post-Industrial Recyclate (PIR) content. It is a rigid, non-phthalate compound formulated for a variety of custom injection molding applications. It is developed to consistently perform like virgin resin with minimal lot-to-lot variability; designed to achieve high flammability resistance and RTI properties; and, specially formulated to process well during injection molding, including multi-cavity tools.

GreenVin™ Bio-attributed PVC

GreenVin™ bio-attributed PVC is produced with renewable energy (under European Guarantees of Origin) and renewable ethylene. The renewable ethylene is derived from bio-naphtha. GreenVin bio-attributed PVC is both ISCC PLUS and REDcert2 certified, using the mass balance approach. Bio-attributed GreenVin PVC is approximately 90%* less carbon intensive compared to conventionally produced Westlake PVC. Westlake also produces lower carbon GreenVin PVC and GreenVin caustic soda produced with certified 100% renewable energy under European Guarantees of Origin. GreenVin PVC is already being used in various PVC application areas, such as the automotive, window manufacturing, and pharmaceutical packaging sectors. GreenVin caustic soda is approximately 30% less carbon intensive compared to conventionally produced Westlake caustic soda. Caustic soda is used to produce detergents, cardboard, pharmaceuticals, water treatment, and many other key products.

*Based on a cradle-to-gate product carbon footprint study by Sustainable AG, tested by TÜV Rheinland, in accordance with the ISO 14067 standard, taking biogenic CO2 fixations into account.

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.

Chip Swearngan

media@westlake.com

1-713-960-9111

Source: Westlake Corporation

FAQ

What will Westlake showcase at NPE 2024?

Westlake will showcase its solutions for enhancing everyday life, including products like PVCO pipe, Pivotal™ Polyethylene, Pivotal™ PVC Compounds, and GreenVin™ bio-attributed PVC.

When and where will NPE 2024 take place?

NPE 2024 will be held from May 6-10 in Orlando, Florida.

What sectors do Westlake's products cater to?

Westlake's products cater to sectors such as healthcare, automotive, agriculture, water systems, food packaging, and housing materials.

What is PVCO pipe and its benefits?

PVCO is a molecular-oriented PVC pipe with enhanced water flow and lower carbon footprint compared to traditional PVC pipe. It is more flexible, lighter, and reduces carbon emissions during transportation.

What is GreenVin™ bio-attributed PVC?

GreenVin™ bio-attributed PVC is produced using renewable energy and ethylene, with significantly lower carbon intensity compared to conventionally produced PVC.

Westlake Corporation

NYSE:WLK

WLK Rankings

WLK Latest News

WLK Stock Data

16.80B
34.28M
73.35%
26.8%
0.85%
Specialty Chemicals
Industrial Organic Chemicals
Link
United States of America
HOUSTON