Albert Chao

Albert Chao (born 1949) is a Taiwanese-American chemical industry executive, the president, CEO, and a director of Westlake Chemical Corporation and Westlake Chemical Partners LP. In 2019, Albert and James Chao received the Petrochemical Heritage Award as part of the International Petrochemical Conference.[1] He also serves as a director of Suzhou Huasu Plastics Co., Ltd of China.[2]

Albert Chao
Albert Chao, 2009
Born1949 (1949)
NationalityTaiwanese
OccupationBusinessman
Known forPetrochemical and plastics industry
AwardsPetrochemical Heritage Award, 2019[1]

Early life

Chao was born in 1949 and grew up in Taiwan. His father Ting Tsung Chao was born in China and moved to Taiwan with his family in 1946.[3] In the mid-1980s, Chao's family moved from Taiwan to the U.S.[4]

Education

Albert Chao received a bachelor's degree from Brandeis University and earned an M.B.A. from Columbia University.[5]

Companies

In 1986 T.T. Chao and his sons Albert and James Y. Chao founded Westlake Chemical, the largest manufacturer of low-density polyethylene in the US.[6] Albert Chao served as an executive vice president of Westlake Chemical Corporation beginning in 1986, became president in mid-1996, and in 2004, became the company's president and CEO.[1]

The Chao family also founded Suzhou Huasu Plastics Company in China as of 1993, and Titan Chemicals Corporation in Malaysia as of 1998. Albert Chao serves as a director of Suzhou Huasu Plastics Company.[1] In 2012, the Bloomberg Billionaires Index suggested his wealth to be at least $1.4 billion.[6]

References
  1. "Petrochemical Heritage Award". Science History Institute. Retrieved 1 May 2019.
  2. "Federal Reserve Bank of Dallas". www.dallasfed.org. Retrieved 2020-07-02.
  3. Abram, Lynwood (March 16, 2008). "Chao, pioneered petrochemical ventures around the world". Chron. Retrieved 23 January 2019.
  4. "Westlake Chemical's family owners are new billionaires". Family Business. September 19, 2012. Retrieved 23 January 2019.
  5. "Albert Chao". Westlake Chemical. Retrieved 23 January 2019.
  6. "Hidden Billionaires Unmasked as Westlake Chemical Soars". Bloomberg. September 18, 2012.


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