03/21/00
REPSOL YPF ENTERS THE WORLD OF E-COMMERCE B2B (BUSINESS TO BUSINESS) IN CHEMICAL EXCHANGE
 

 

Repsol YPF, through its chemical business, has become a Charter Member of ChemConnect, a leading electronic network for the commerce of chemical products.

By participating in ChemConnect, Repsol YPF will be able to expand its market reach by joining a worldwide network, with access to market information, thus reducing transaction and selling costs and trading at better prices.

ChemConnect is one of the world�s leading global Internet exchange for chemicals and plastics. It provides a window on the chemicals and plastics market, enabling companies around the world to conduct business in petrochemicals, plastics and polymers, basic industrial chemicals, fine and specialty chemicals, pharmaceuticals and agrochemicals online. ChemConnect brings together three user communities: suppliers, buyers, and intermediaries who assist clients in buying and selling chemicals and plastics.

This is, in fact, Repsol YPF�s first step in a wider project for e-commerce currently under preparation, which will embrace other business areas, such as group supplies in Latin America and Spain, and product sales.