Westlake Chemical Partners LP Announces Distribution for the Fourth Quarter of 2017, Payable on February 23, 2018
January 29, 2018 at 05:00 pm IST
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The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the partnership) declared on January 26, 2018, a distribution of $0.3864 per unit, representing a 2.9% increase from the third quarter 2017 distribution. The distribution will be payable on February 23, 2018, to unit holders of record on February 8, 2018.
Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. The Companyâs business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCos assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. The ethylene production facilities primarily convert ethane into ethylene and have an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. It owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The Company owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.
WESTLAKE CHEMICAL PARTNERS LP 
