Westlake Chemical Corporation, an international manufacturer and supplier of petrochemicals, polymers and building products, announced completion of its US$425 mln chlor-alkali plant in Geismar, La. after nearly three years of construction. The State of Louisiana helped Westlake Chemicals secure $89 million in GO Zone Bond financing for the project. It constituted a portion of the $425 million capital investment. Westlake will also utilize Louisiana's Quality Jobs and Industrial Tax Exemption programs to offset costs. The new chlor-alkali plant will give Westlake Chemical necessary feedstock material for its adjacent vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) plant in Geismar. Tthe chlor-alkali plant will feature 350,000 tpa of chlorine capacity and 385,000 tpa of caustic soda capacity to support of its Ascension Parish manufacturing operations.
At a ceremony dedicating the new plant, Westlake Chemical President and CEO Albert Chao spoke about the relationship his company has sustained since 1986. "Our Louisiana operations are a vital hub for our enterprise and we are proud to be a responsible corporate citizen of the great state of Louisiana.” Commercial operations of the chlor-alkali plant, however, began last December.
20-Feb-14 
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