Companies Announce Creation of Elemica e-Commerce Venture
Eight major chemical companies announced a definitive agreement formally creating Elemica, an independent electronic marketplace for the chemical industry. The companies are investing a total of $100 million in the company, with the targeted operational launch date set for December.
The companies are ATOFINA, BASF, Bayer, BP, Dow, DuPont, Rohm and Haas, and Shell. An additional 12 companies have agreed in principle to invest and participate in the marketplace, and are in the process of entering into definitive agreements with Elemica. They are Air Products and Chemicals, Ashland Distribution Co., Celanese, Chemcentral Corp., Ciba Specialty Chemicals, Degussa-Hüls, DSM, Mitsubishi Chemical Corp., Mitsui Chemicals, Rhodia, Solvay, Sumitomo Chemical, and Van Waters & Rogers.