Shell Chemicals assesses online benzene trading
Customers, current and past, were invited to participate in the auction, which lasted approximately one and a half hours. Contracts are being awarded to the successful bidders.
Rein Willems, Shell Chemicals Limited executive vice president for base chemicals said: "This is the first time that Shell Chemicals has used online trading room technology to sell products for annual contracts. We will be evaluating the auction to assess the added value that this new selling tool can offer all our businesses and customers."
The online auction was enabled by ChemConnect with consultancy from International eChem.
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