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Westlake Chemical Partners LP operates ethylene production facilities in the U.S., converting ethane into ethylene used in plastics like polyethylene and PVC. It generates revenue mainly through long-term sales agreements with Westlake Corporation, which owns a controlling interest. The company’s business model relies on ethylene sales, co-product sales, and control of key assets, serving the petrochemical and plastics markets with a focus on operational efficiency and strategic partnerships.
This description was generated via AI from an annual report. Updated about 1 year ago.