HOUSTON, June 5 /PRNewswire/ -- Lyondell Chemical Company (NYSE: LYO) and Equistar Chemicals, LP (a joint venture of which Lyondell owns 41 percent) have selected Click Commerce, Inc. to develop an Internet-based system to facilitate electronic business-to-business transactions worldwide with customers and others involved in the sales of Lyondell and Equistar products. The Lyondell/Equistar enterprise also has advanced its e-business strategy through an equity investment by Equistar in Click Commerce.
Headquartered in Chicago, Click Commerce is a provider of Internet-based, business-to-business (B2B) enterprise channel management software and services. The agreement with Lyondell and Equistar is Click Commerce's first in the chemical industry.
When fully implemented, the Lyondell/Click system is designed to provide customers with real-time, 24-hours-per-day, 7-days-per-week access to product and transaction information. The system will be customizable to better accommodate individual customer's needs. These features are designed to make sales transactions more efficient and enhance the value of the customer/supplier relationship.
Lyondell and Equistar recently announced equity participation in Envera, the global e-marketplace chemical and petroleum consortium. While both the Envera and Click Commerce systems will complement existing business relationships, Click Commerce's implementation will function as an Extranet link between Lyondell/Equistar and trading partners while Envera will function as a neutral marketplace for the consortium's international membership. Both are part of the Lyondell/Equistar e-business strategy of integrating several e-channels to add value for customers and the enterprise.
"The greatest potential contributions of e-business for the Lyondell enterprise are the addition of value for our customers and suppliers, as well as enhanced efficiency and cost-effectiveness of our business processes," said Dan F. Smith, President and Chief Executive Officer of Lyondell and Chief Executive Officer of Equistar. "The Click Commerce system will help us realize this potential. We are pleased to team with Click Commerce in the implementation of this important initiative for our customers and to be a strategic investor in Click Commerce."
Lyondell Chemical Company, with headquarters in Houston, Texas, is the world's largest producer of propylene oxide (PO); the world's number two supplier of TDI (toluene diisocyanate); a leading producer of propylene glycol; a leading producer of other PO derivatives such as BDO (butanediol) and PGE (propylene glycol ether); and a producer of styrene monomer and MTBE as co-products of PO production.
Through its 41% interest in Equistar Chemicals, LP, Lyondell also is one of the largest producers of ethylene, propylene and polyethylene in North America and a leading producer of polypropylene, ethylene oxide, ethylene glycol, high value-added specialty polymers and polymeric powder.
Through its 58.75% interest in LYONDELL-CITGO Refining LP, Lyondell is one of the largest refiners in the United States, processing extra heavy Venezuelan crude oil to produce gasoline, low sulfur diesel and jet fuel.
Lyondell is the third largest methanol producer in the U.S., through its 75% interest in Lyondell Methanol Company, L.P.
The statements in this release relating to matters that are not historical facts are forward-looking statements that are subject to risks and uncertainties, including, but not limited to, future global economic conditions, industry production capacity and operating rates, the supply/demand balance for the Company's products, competitive products and pricing pressures, further increases in raw material costs, changes in governmental regulations and other risks and uncertainties detailed in the Securities and Exchange Commission filings of Lyondell.
Click Commerce, Inc. is a provider of Internet-based business-to-business
(B2B) enterprise channel management software and services. Headquartered in
Chicago, Click Commerce has helped blue chip clients such as American
Standard, Hyundai, Life Fitness, Mercury Marine, Mitsubishi, Motorola and
Qualcomm use the power of the Internet to extend their enterprises to dealers,
distributors and consumers. For more information, contact Click Commerce at
(312) 482-9006 or visit www.clickcommerce.com.
SOURCE Lyondell Chemical Company
Web site: http: //www.clickcommerce.com http://www.lyondell.com
CONTACT: media, Jackie Wilson, 713-652-4596, or Marvin Brown, 713-309-2643, or investors, Sami Ahmad, 713-309-7141, all of Lyondell Chemical Company
