Westlake Strikes Solar Energy Deal to Cut Carbon Emissions by 2030

Westlake Corporation (NYSE:WLK) today announced an advance in the company's sustainability objectives to further reduce its carbon emissions intensity by 20% by 2030, from a 2016 baseline, which is one of the company's 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's electricity consumption attributed to powering its operations. Westlake is evaluating the best use of REC's to enhance its downstream product offerings.