Westlake Chemical Corp Invests from $210 Million To $240 Million To Convert Its Calvert City, Kentucky Plants
10/03/2012
The transformation will increase the plants ethylene capacity from 450 million pounds per year to 630 million pounds per year. This expansion and feedstock conversion will enhance Westlake's vinyl chain integration and leverage low cost ethane being developed in the Marcellus shale area, the firm said.
In addition, Westlake announced an expansion of the existing PVC plant in Calvert City, Kentucky that will add approximately 200 million pounds per year of capacity to the existing 1,100 million pounds of annual capacity. This expansion allows Westlake to take advantage of the increased ethylene production at the site and to provide additional PVC resin to meet the growing demands of our global customers.
Albert Chao, Westlake Chemical Corporation's President and CEO stated; "These announced projects demonstrate our commitment to our overall integration strategy and to leveraging our access to low cost feedstock. It further confirms the importance of the Calvert City operations and our commitment to building a strong and successful site. We again extend our appreciation to Gov. Beshear and his administration, along with our supplier partners, for their continued support of our future in Kentucky and helping us to remain competitive at the site."
The ethylene expansion and feedstock conversion project is targeted for start-up in the second quarter of 2014 and the PVC expansion is projected to start up in late 2014. These projects are expected to create approximately 300 construction jobs.
The Kentucky Economic Development Finance Authority has preliminarily approved tax incentives up to $10 million, with an additional $7 million pending approval through the Kentucky Reinvestment Act, for these new projects and other work currently in progress at the site. KRA is designed to assist companies that need to make significant capital investment in Kentucky facilities in order to remain competitive.
This is an outstanding step forward for Westlake and a tremendous boost for the economy of Calvert City and the surrounding area," said Kentucky Gov. Steve Beshear. "Kentucky has built a partnership with Westlake and we're thrilled to see this multi-million dollar investment in the Commonwealth."
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024