Westlake to restart US petrochemical complex
Westlake declared force majeure from the site on June 28 and as of yet, it reportedly remains in place.
The company noted on its website, “The approximate $40 million impact of this outage will affect both the second and third quarter financial results, with nearly half of this amount impacting the third quarter.”
According to market sources, Westlake’s cracker at Lake Charles, Louisiana has also been down since April 18 for an 80 day maintenance. It is expected back in the third quarter.
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