Westlake Chemical Partners

Westlake Chemical Partners LP (WLKP) is a US-based limited partnership established by Westlake Corporation. Its primary role is to operate, acquire, and develop ethylene production facilities. Ethylene is a key building block in the chemical industry, used to produce a wide range of plastics and other materials. The partnership's main assets include three ethylene production plants located in Calvert City, Kentucky, and Lake Charles, Louisiana, with a significant combined annual capacity. These facilities primarily convert ethane into ethylene. The partnership also operates a 200-mile ethylene pipeline, which is crucial for transporting its product. As a limited partnership, its structure may offer different considerations for investors compared to a typical corporation, particularly regarding distributions and taxation. Potential investors should research this structure to understand if it aligns with their financial goals, as the value of investments can go down as well as up.