Westlake Innovations Invests in Blackhorn Ventures
27 Junho 2024 - 7:30AM
Business Wire
Westlake Innovations, Inc., a subsidiary of Westlake Corporation
(NYSE: WLK), today announced the company has invested in the
Blackhorn Industrial Impact Fund II. The fund seeks to invest in 40
capital-efficient companies enabling the decarbonization of the
toughest-to-transition sectors in the U.S. economy. Westlake’s
action builds upon the company’s commitment to helping develop a
more sustainable future through continuous improvement of its own
manufacturing as well as strategic investments in innovative
technologies and startup firms.
The fund is managed by Blackhorn Ventures, a Colorado-based,
thesis-driven, resource-efficiency industrial innovation investment
company that focuses in sectors including energy; transportation
and logistics; and the built environment. The firm is focused on
investing in visionary companies that are changing how industries
use resources such as leveraging breakthroughs in engineering and
science to define new standards of efficiency.
Over the last five years, Blackhorn Ventures has built a
portfolio of 65 companies making a material impact on the nation’s
largest and highest-emitting industrial sectors: energy,
transportation, buildings and construction, supply chain and
logistics. Blackhorn-funded companies are benefiting from a drive
to find savings in corporate America while addressing structural
economic issues including the labor shortage, the housing shortage,
supply chain resiliency, energy security, and the electrification
of the nation’s transportation infrastructure. These include
companies that are transforming enduring industries like
construction, manufacturing, healthcare, agriculture,
transportation, water, and energy.
About Westlake
Westlake Innovations, Inc. was formed in 2021 to facilitate the
company’s potential investments in new technologies and pursue
innovative digital, mechanical or chemical applications such as
carbon sequestration or recycling. Westlake 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 — from housing and construction, to packaging
and healthcare, to automotive and consumer. For more information,
visit the company’s web site at www.westlake.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627292272/en/
Chip Swearngan mediarelations@westlake.com 1- 713-960-9111
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