8 January 2016
DETAILS
a Westlake company, announced that it has approved plans
to expand ethylene capacity
at the
owned by its affiliate,
This expansion will add
70 million pounds of stated annual ethylene capacity
to the
President and Chief Executive Officer
"We are pleased about the ethylene expansion
at the
This expansion,
which combined with incremental capacity increases
will total 100 million pounds of annual capacity,
is in addition to the 250 million pound ethylene expansion
at the Petro 1 facility in
which is expected to begin in the second quarter of 2016.
The additional production of ethylene at both facilities
will be sold under the terms of
the long-term, fixed-margin ethylene sales agreement
in which 95% of OpCo's production is sold to our sponsor,
to generate a margin of
We believe the incremental earnings from these expansions
will allow us to continue to grow our distributions
at a low double-digit rate,"
For More Information:
Investors:
Mr. Steve Bender
713-585-2643
investorrelations@westlake.com
Media:
Mr. David Hansen
713-585-2912
mediarelations@westlake.com
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