$0.4714 per unit distribution declared payable on February 25, 2025 The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 42nd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 25, 2025, to unit holders of record on February 7, 2025. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. About Westlake Chemical Partners LP Westlake
Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in Universal Matter, Inc . The Burlington, Ontario-based company’s vision is to become the leading supplier of high-quality and sustainable graphene and advanced materials to help decarbonize the planet. Westlake’s action builds upon the company’s commitment to helping develop a more sustainable future through continuous improvement its own manufacturing as well as strategic investments in innovative technologies and startup firms. Universal Matter has pioneered and patented Flash Joule Heating (FJH) technology that allows for cost-effective, industrial-scale upcycling of carbon waste streams into high-quality graphene and graphitized carbon. First developed at Rice University, Universal Matter’s FJH technology creates graphene that is tunable across 1D, 2D, and 3D morphologies, granting superior properties that are critical for large industrial applications.
In November, the Vinyl Institute (VI) recognized several Westlake sites for Outstanding Health, Safety and Environmental performance during calendar year 2023. According to a press release issued by the Vinyl Institute, these awards “are given to VI-member companies for protecting the environment and improving worker safety at manufacturing facilities throughout the United States and Canada.” Erik Keracik, vice president, Westlake North American Vinyls, attended the VI’s annual meeting in November and received the awards on behalf of Westlake. Erik recently assumed his role as chairman of the VI for 2025.
Receiving safety recognition reflects the commitment and hard work of Westlake employees to keep Westlake’s core value of safety at the forefront every day. Westlake founder T.T. Chao stated, “We have put safety first, and it will remain our number one priority. No job can be so important or urgent that people cannot take time to work safely. Life is precious and irreplaceable."
Erik Keracik, vice president, Westlake North American Vinyls (left) pictured with Ned Monroe (right), president and CEO of the Vinyl Institute.
See below for the full list of Westlake sites that received recognition from the Vinyl Institute for their Health, Safety, and Environmental performance throughout 2023.
Safety Excellence Award
Awarded in recognition of plants with five or more consecutive years with no recordable incidents.
Aberdeen, Mississippi Plasticizer/Additive Manufacturing Plant (8 consecutive years of performance)
Calvert City, Kentucky PVC Plant (5 consecutive years of performance)
Safety Honor Award
Awarded in recognition of plants with no recordable incidents for calendar year 2023.
The Vinyl Institute describes plants that receive this award as having “an outstanding track record of performance for five or more consecutive years under EPA's National Emission Standards of Hazardous Air Pollutants (NESHAPs), and other environmental permit requirements.”
Aberdeen, Mississippi Plasticizer/Additive Manufacturing plant (11 consecutive years of performance)
Aberdeen, Mississippi PVC/CPVC Compounding plant (11 consecutive years of performance)
Madison, Mississippi PVC Compounding plant (8 consecutive years of performance)
Environmental Honor Award
This award, presented to only two plants overall, requires emissions reduction under the NESHAPs, the Comprehensive Environmental Response, Compensation, and Liability Act, and EPA's Toxics Release Inventory data for air and water.
PVC Category: Calvert City, Kentucky PVC plant
EDC/VCM Category: Lake Charles South, Louisiana EDC/VCM plant
In November, the Vinyl Institute (VI) recognized several Westlake sites for Outstanding Health, Safety and Environmental performance during calendar year 2023. According to a press release issued by the Vinyl Institute, these awards “are given to VI-member companies for protecting the environment and improving worker safety at manufacturing facilities throughout the United States and Canada.” Erik Keracik, vice president, Westlake North American Vinyls, attended the VI’s annual meeting in November and received the awards on behalf of Westlake.
<p class="text-align-justify" style="line-height:normal;margin-bottom:0in;"><span style="font-family:"Times New Roman",serif;">Mr. Cregg has been a director since December 2024. Mr. Cregg served as President, Chief Executive Officer and Director of AV Homes, Inc., from December 2012 until its sale to Taylor Morrison Homes in October 2018. From August 2011 through November 2012, he served as Senior Vice President of Finance and Chief Financial Officer of The ServiceMaster Company. He served as Executive Vice President and Chief Financial Officer of PulteGroup, Inc. (formerly known as Pulte Homes, Inc.) from May 2003 to May 2011; and as Senior Vice President and Chief Financial Officer of PulteGroup, Inc. from January 1998 to May 2003. Mr. Cregg also served as Executive Vice President and Chief Financial Officer of Zenith Electronics Corporation from 1996 to 1998; Vice President and Chief Financial Officer of Sweetheart Cup Company, Inc. from 1990 to 1996; and Vice President of Mead Corporation from 1989 to 1990. Mr. Cregg began his career at Continental Can Company, where he held a variety of accounting, finance, and administration roles. Mr. Cregg has served on the Board of Directors of Comerica Incorporated since December 2006, the Board of Directors of Sterling Infrastructure Inc. since May 2019 and the Board of Directors of Minto Group since July 2024. Previously, Mr. Cregg served on the Board of Directors of the Federal Reserve Bank of Chicago, Detroit Branch, from January 2004 to December 2009. Mr. Cregg received a bachelor’s of science degree in accounting from Northeastern University and an M.B.A from J.L. Kellogg Graduate School of Management at Northwestern University. </span></p>
Westlake Corporation (NYSE: WLK) today released its 2023 Sustainability Report, the company’s seventh voluntary annual update on sustainability innovations in products and continuous improvement in operations. The report also expands on the Company’s contributions to local communities as well as advancements in employee collaboration and professional development. “We believe great ideas and innovations start with listening. Some of our greatest successes and operational improvements were inspired by our employees and customers,” said Jean-Marc Gilson, President and Chief Executive Officer. “Our sustainability reporting approach gives us additional opportunities to deepen engagement with our stakeholders, internally and externally, by learning how we can do better, celebrating our shared successes and supporting our communities. This report also aligns with our deliberate and disciplined investment approach, including how we advance sustainability with the ultimate objective of
