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Westlake Chemical Partners LP (symbol: WLKP) is a prominent entity within the U.S. chemical industry, primarily engaged in the production and sale of ethylene and its co-products. The company operates through its subsidiary, OpCo, which focuses on the acquisition and development of ethylene production facilities. These facilities are strategically located in Calvert City, Kentucky, and Lake Charles, Louisiana. Ethylene is a vital component used in the manufacture of a variety of products, including plastics, chemicals, and fibers.
OpCo converts ethane into ethylene and sells it along with other valuable co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and various customers across the United States. This integrated production and sales approach highlights the company's strategic role in the chemical supply chain, catering to a diverse range of industrial needs.
Westlake Chemical Partners LP has been proactive in maintaining and enhancing its production capabilities. The company continually invests in its facilities to ensure optimal operation and efficiency. This focus on operational excellence is accompanied by a commitment to safety, environmental stewardship, and sustainable growth.
Financially, Westlake Chemical Partners LP is committed to delivering value to its unitholders. The company leverages its stable cash flow and strong market position to support its financial health. Regular dividends are a testament to the company’s robust financial performance and strategic management.
Westlake Chemical Partners LP’s recent achievements include the expansion of production capacities and strategic partnerships aimed at leveraging market opportunities. By continually upgrading its asset base and exploring new avenues for growth, WLKP remains well-positioned in the competitive chemical industry.
For the latest updates and detailed information about Westlake Chemical Partners LP, stay tuned to this page for company news and performance insights.
Westlake Chemical Partners LP announced a distribution of $0.4714 per unit payable on May 29, 2024, marking its 39th quarterly distribution since going public. The distribution is subject to federal income tax withholding for non-U.S. investors.
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