| 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. |