Westlake Chemical Partners LP (NYSE:WLKP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
About Westlake Chemical Partners LP (NYSE:WLKP)
Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. The Company’s business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. OpCo’s assets include approximately three ethylene production facilities, which primarily convert ethane into ethylene. OpCo owns approximately two natural gas liquids processing facilities at Westlake’s Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins). OpCo owns over one natural gas liquids processing facility at Westlake’s Calvert City, Kentucky site (Calvert City Olefins). OpCo also owns approximately 200-mile 10-inch diameter ethylene pipeline system.