Westlake Corporation Reports Third Quarter 2022 Results

Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced third quarter 2022 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data)     Three Months Ended September 30,   Nine Months Ended September 30,     2022   2021   2022   2021                   Westlake Corporation                 Income from operations   $ 516   $ 861   $ 2,723   $ 1,927 Net income attributable to Westlake Corporation   $ 401   $ 607   $ 2,015   $ 1,371 Diluted earnings per common share   $ 3.10   $ 4.69  

Westlake Chemical Partners LP Announces Third Quarter 2022 Distribution

$0.4714 cents per unit distribution declared payable on November 28, 2022 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 33rd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 28, 2022, to unit holders of record on November 10, 2022. 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 Chemical Partners Announce Third Quarter 2022 Earnings Conference Call

Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2022 earnings prior to the market opening on Thursday, November 3, 2022. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIf58da988154b49dea6b2903159febb3b . Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/jcohy5gt and the earnings release can be obtained via the company's Web page at, https://investors.wlkpartners.com/corporate-profile/default.aspx . About Westlake Chemical Partners: Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production

Westlake Announces Third Quarter 2022 Earnings Conference Call

Westlake Corporation (NYSE: WLK) will release its third quarter 2022 earnings prior to the market opening on Thursday, November 3, 2022. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BId53ccc41b34744e19fa224843ba1fcb6 . Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/phzpfjoh and the earnings release can be obtained via the company’s Web page at https://investors.westlake.com/news/default.aspx . About Westlake: Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North

Westlake Vinnolit continues to expand its lower-carbon GreenVin® product line: Effective immediately, the company also offers GreenVin® bio-attributed PVC based on renewable ethylene.


Ismaning, 17.10.2022 – Westlake Vinnolit's lower-carbon GreenVin® product line continues to expand: in addition to GreenVin® PVC, with approximately 25% CO2 savings through the use of renewable electricity (Guarantees of Origin with quality label) in the Westlake Vinnolit production chain, GreenVin® bio-attributed PVC is now also available. GreenVin® bio-attributed PVC is produced with renewable electricity and ISCC PLUS-certified renewable ethylene from biomass. The CO2 savings of GreenVin® bio-attributed PVC is about 90% *, compared to conventionally produced Vinnolit® PVC.


"Climate protection is important to us and we are constantly looking for new ways to make our product portfolio and production processes more sustainable," says Westlake Vinnolit Managing Director Dr. Karl-Martin Schellerer. "Renewable electricity and renewable raw materials, such as biomass, play a key role in this. In this regard, with GreenVin® bio-attributed PVC, we rely on non-food biomass (second generation), such as plant residues and waste materials, which does not compete with the food chain." Westlake Vinnolit sources the renewable ethylene from from OMV and other partners, replacing fossil ethylene in PVC production. GreenVin® bio-attributed PVC is both ISCC PLUS and REDcert2 certified, using the mass balance approach.


"Our customers now have the entire Westlake Vinnolit PVC portfolio available as both GreenVin® and GreenVin® bio-attributed, with unchanged product quality and processing properties," emphasizes Dr. Thomas Brock, Director of the Business Unit Vinyls, Innovation, Technology. "With GreenVin® bio-attributed PVC, we are actively helping our customers achieve their sustainability
goals. In doing so, we also support the goals of VinylPlus®, the European PVC industry's voluntary commitment to sustainable development."
* Based on a cradle-to-gate Product Carbon Footprint (PCF) study by Sustainable AG reviewed by TÜV Rheinland, in accordance with the ISO 14067 standard, taking into account biogenic CO2 fixations.

  • Much less CO2: Westlake Vinnolit uses renewable ethylene in PVC production

Together with Habitat for Humanity - MidOhio, Westlake Royal Building Products recently celebrated a historic milestone with the dedication of the 300th home to feature the company’s donated siding and trim materials in the Ohio region. On Thursday, September 15, the three-bedroom, two-bath single family home was dedicated and keys were turned over to the partner family in the South Linden neighborhood of Columbus.

The dedication of this house marks the 300th siding donation that Westlake Royal has made to Habitat MidOhio over the last 20 years. For this home, Westlake Royal donated 20 squares of siding, including Exterior Portfolio® Vinyl Siding and Portsmouth™ Shake & Shingles Siding, as well as Royal® Shutters, Mounts and Vents accessories. Westlake Royal’s Columbus-based employees also donated their time and skills to help with installing the building products during the construction of the home this summer. 

“Amid inflation and rising costs, the need for affordable housing today is greater than it’s ever been. Westlake Royal is proud to be part of the solution in donating building products for good quality, single-family homes,” said Steve Booz, VP of Marketing & Product Management, Westlake Royal Building Products. “Our partnership with Habitat MidOhio dates back through several company name changes and decades, but our commitment to this organization and the community of Columbus remains unchanged.” 

“When we invest in housing, we invest in the future of the entire community. Thanks to the contributions of Westlake Royal, Habitat MidOhio has brought the dream of homeownership to 300 families,” said E.J. Thomas, President and CEO, Habitat MidOhio. “We are grateful for the generous support of our donors and volunteers, and look forward to continuing our work of providing quality, affordable housing to our family partners.” 

In January 2021, Habitat MidOhio celebrated the dedication of its 1,000th home. The organization works to bring people together to inspire hope, build homes, empower families, and develop communities. For the past 35 years, Habitat MidOhio has served families through new home builds/rehabs (437), owner-occupied home repairs (350), and tithe support to its sister affiliates in Africa (331). 

To learn more about Westlake Royal Building Products, visit: www.westlakeroyalbuildingproducts.com. 
 

  • Westlake Royal Building Products Celebrates 300th Home Built with Habitat for Humanity

Westlake Releases 2021 ESG Report with GRI/SASB Data Appendix

Westlake Corporation (NYSE: WLK) today released its 2021 Environmental, Social and Governance Report and, concurrently, its Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) Appendix, as the company enhances its data reporting systems and reinforces its commitment to transparency. The ESG report includes Westlake’s fifth annual sustainability update and demonstrates how ESG practices are integrated throughout the corporation’s core business activities. The report highlights Westlake’s drive to improve sustainable practices across operations, products, and in management; maintain strong engagement in its communities; and deliver on customers’ expectations for sustainable innovate products. This integrated approach ensures that the corporation’s guiding ESG principles are applied across the global organization and that best practices from within strategic business units are shared and adopted. Over the past year, since the publication of its 2020 ESG

Westlake Chemical Partners Provides Tax Reporting Information

Westlake Chemical Partners (NYSE: WLKP) today provided the following information regarding 2021 investor tax reporting: As previously noted in the 2021 Investor Tax Reporting Package for your investment in Westlake Chemical Partners, LP, the Partnership will report items of international tax relevance to our partners on new Schedule K-3 beginning in tax year 2021. As we disclosed in our quarterly distribution press releases, all of our income is effectively connected with a United States trade or business. However, a limited number of unitholders (primarily foreign unitholders and unitholders having US international reporting obligations) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. Our Schedule K-3 for tax year 2021 is now available online at www.taxpackagesupport.com/WLKP . This information may be necessary in the completion of your tax return. As such we encourage you to review the information contained on your Schedule K-3