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Westlake Corporation Advances Sustainability Goals Toward 2030 Carbon-Reduction Target

HOUSTON--(BUSINESS WIRE)-- Westlake Corporation (NYSE: WLK) today announced an advance in the company鈥檚 sustainability objectives to further reduce its carbon emissions intensity by 20% by 2030, from a 2016 baseline, which is one of the company鈥檚 sustainability goals.

Westlake recently entered into an agreement with a solar renewable-energy three-farm project that generates approximately 160,000 megawatt-hours per year of renewable energy and purchased the associated renewable energy certificates (RECs). The RECs are utilized as part of this multi-year purchase agreement to offset Westlake鈥檚 electricity consumption attributed to powering its operations. Westlake is evaluating the best use of REC鈥檚 to enhance its downstream product offerings.

鈥淭he incorporation of purchased RECs into our broader sustainability strategy is an important step in our ongoing efforts to cut greenhouse gas emissions,鈥� said Tim Hunt, Vice President, Corporate Development and Sustainability. 鈥淭his initiative not only advances our own sustainability objectives but also supports our customers鈥� goals of decreasing emissions across their value chains while helping to drive the growth of renewable energy.鈥�

About Westlake

Westlake Corporation 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 America, we provide the building blocks for vital solutions 鈥� from housing and construction, to packaging and healthcare, to automotive and consumer. For more information, visit the Company's web site at .

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Source: Westlake Corporation