Houston-based chemical co. buys additional JV interest for more than $800M

Houston-based Westlake Chemical Corp. (NYSE: WLK) has closed an $816.5 million deal buying additional interest in one of its joint ventures.

Westlake reached an agreement through one of its subsidiaries with South Korea-based Lotte Chemical Corp. (KRX: 011170) late last month to purchase about 35 percent of additional interest in LACC LLC, an ethylene joint venture between the two companies, according to an Oct. 30 filing with the U.S. Securities and Exchange Commission.

That deal closed on Nov.…

share:

more energy news

North Texas Oil Production Companies

Information on The List was obtained from the Texas Railroad Commission’s Oil and Gas Production database and was pulled on Jan 4. Only North Texas-headquartered

Send Us A Message