Gulf Oil and Gas accountACCOUNT

Westlake Chemical Issues Statement on Lake Charles Operations

Source: www.gulfoilandgas.com 8/27/2020, Location: North America

Westlake Chemical Partners LP issued a statement regarding Hurricane Laura, which made landfall near plants in the Lake Charles, Louisiana area owned by Westlake Chemical OpCo LP (“OpCo”), in which the Partnership owns a 22.8% interest.

The Partnership’s primary concern is for the safety of OpCo’s employees. The employees who stayed at OpCo’s facilities during Hurricane Laura are safe. OpCo has been conducting equipment assessments, following Hurricane Laura’s overnight move through the area.

Following initial facility assessments, OpCo believes it has incurred limited physical damage. Restart of OpCo’s facilities, which OpCo shut down as a precautionary measure in advance of the storm, will primarily depend upon the availability of electricity, industrial gases, and other feedstocks.

“We do not expect any material impact to OpCo or to the Partnership as a result of Hurricane Laura as, pursuant to OpCo’s Ethylene Sales Agreement with affiliates of Westlake Chemical Corporation (“Westlake Sponsor”), Westlake Sponsor is obligated to pay a margin and fixed costs for 95% of OpCo’s budgeted ethylene production, even following a force majeure event,” said Albert Chao, president and chief executive officer of the Partnership’s general partne

Safety Services News in United States >>

United Kingdom >>  2/22/2021 - DNV GL has been awarded a three-year contract by Total E&P UK Ltd to provide multiple services across the full portfolio of the international operator...
Norway >>  2/20/2021 - The methanol plant at Tjeldbergodden is now back in production after being decommissioned since the fire on 2 December 2020. The safe start-up prepara...

Myanmar >>  2/7/2021 - PETRONAS is extending the necessary efforts to ensure the safety of about 155 workers of its contractor on barge to the Yetagun oil rig, located off t...
United Kingdom >>  2/4/2021 - UK Oil & Gas PLC announces that in response to the ongoing Covid-19 pandemic, at the forthcoming interim injunction ("Injunction") review hearing of F...




United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.