Westlake Chemical Hit With $40 Million Loss After Plant Shutdown

The interruption happened due to a mechanical failure in its ethylene unit.

Mnet 124031 Westlake

Westlake Chemical Corporation announced this week that its Calvert City, Kentucky facility is in the process of restarting after an unexpected shutdown in June.

But the company reported that it is also expecting a $40 million loss for the period of the shutdown.

The interruption happened due to a mechanical failure of its ethylene unit, and impacted the whole complex and halted production of VCM, EDC, Chlor-Alkali and PVC resin.

Westlake, based in Houston, specializes in chemical and plastic products such as polyethylene.  

Westlake is also planning to add 70 million pounds of annual ethylene capacity, according to Fuel Fix. Several chemical companies have been increasing ethylene production due to the abundance of cheap natural gas.

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