Marathon Capital has advised Westlake Corporation (NYSE: WLK) (“Westlake”), a Houston-based, global diversified industrial company, on its recent agreement to purchase approximately 160,000 megawatt-hours of renewable energy per year from Renewable Energy Certificates (RECs). The purchase aims to advance the company toward its goal of reducing carbon emissions intensity by 20% by 2030.

Marathon Capital delivered a comprehensive market overview for Westlake to determine optimal strategies for offsetting electricity consumption with renewable energy, while also reducing emissions across their customer value chains.

“For over 25 years, we have consistently supported new market entrants in identifying opportunities best aligned with their strategic objectives. As a global manufacturer and supplier of materials and innovative products that improve everyday life, Westlake’s commitment to reducing emissions is significant - setting a strong precedent for other companies pursuing similar sustainability goals.” – Matt Bigham, Managing Director & Co-Head of Chicago, Marathon Capital