Tuesday March 21, 8:12 am Eastern Time
Company Press ReleaseSOURCE:
Envera 'B4B' Marketplace Launched by a Global Consortium of Chemical And Petroleum Companies
RICHMOND, Va., March 21 /PRNewswire/ -- An international group of chemical
and petroleum companies announced today agreement to pursue the creation of
Envera, a global electronic-marketplace for B2B transactions and services.
Envera will enable cross industry transactions and efficiencies over the Web.
Envera calls its network of systems and services ``e-Business For Business''
Sponsorship by a consortium of international companies rather than by a
single industry entity is a key component of the venture.
``No single industry
player can credibly sponsor a global marketplace intended to provide a level
playing field for all,'' said Robert Mooney, Envera Chief Executive Officer.
Based on the Latin word for ``in truth,'' Envera has been designed from the
start as a ``customer-focused,'' neutral site where all industry participants
can transact business with assurance of the network's neutrality and
Envera will be a true business-for-business site, enabling a full range of
business transactions between trading members (vendors, customers and
suppliers in existing supply chains), and complimented by links to global
financial institutions, shipping companies and other key service providers.
Expecting to be operational by third quarter, Envera is designed to integrate
and network chemical and petroleum process companies, and not for spot
The goal is to empower members' core businesses, from improving
efficiencies in manufacturing to integrating markets and services worldwide.
``What separates this network from others is that Envera is designed to
efficiently manage the relationship between strategic accounts - i.e. between
both supplier and customer, '' said Charles K. Valutas, Vice President of
``This network's business improvement solutions have the
potential to significantly streamline the supply chain, while providing less
complexity in connecting to multiple technology systems.''
``Process industry companies need consistent standards to facilitate
electronic transactions on the web,'' said David Smith, CIO of PPG Industries.
``If we have to build customized links to each of our customers and suppliers
the promise of the internet to speed transactions and significantly reduce
costs will not be fulfilled. Envera will help the industry establish trading
standards quickly in the process industries,'' said Smith.
``Envera represents an integrated eCommerce network providing low cost
solutions to supply chain complexities, systems integration and transaction
processing,'' said Russell Gottwald, Vice President of Product Supply at Ethyl
``The benefits to Envera members are substantial and include
lower IT effort and expenditure, reduced complexities in order fulfillment;
improved delivery performance and lower working capital and revenue lift
through re-engineered distribution channels.
Of course, these benefits
encompass all members, customers and suppliers in the supply chain, many of
whom are outside of the chemical/petroleum industries.
Envera provides easy access to management expertise and best of class
service,'' said Gottwald.
``E-business is business,'' said John Hunter, CEO of Solutia Inc., ``our
customers are demanding efficiencies and Envera's network will provide them.''
Unlike Websites serving mainly the spot market places, Envera is focusing on a
full suite of value-added services as well as transaction systems for existing
business relationships between companies.
The Envera solution is based on XML standards which will enable
participating companies to enjoy on-line efficiencies regardless of their IT
To develop this standards-based open marketplace, Envera is
in discussions with leading technology providers including IBM, XML Solutions,
webMethods and Oracle.
``Envera brings true differentiation to electronic marketplaces and will
streamline the chemical-related value networks and eliminate the waste and
redundancy so prevalent in those chains today.
This is the promise to
revolutionize the way business is conducted,'' said Craig Hodges, vice
president, IBM Chemicals & Petroleum Industry Group.
``IBM is a strong
supporter of open standards and we believe that Envera's commitment to open
architecture will allow companies of all sizes to enjoy the supply chain
efficiencies offered by the Envera solutions.''
Additionally, the Envera team is exploring a wide range of opportunities
with ``best in class'' service providers in the areas of consulting, logistics
and financial services.
To date, PricewaterhouseCoopers is providing Envera
with e-business consulting support.
Discussions on other potential service
offerings have included BDP International Inc., a leading provider of global
transportation and logistics services to the chemical industry; Miller
Transporters, Inc., a national trucking firm, and Miller Intermodal Logistics
Services, Inc., a global container and logistics company; and First Union for
``First Union is a founder and owner of Spectrum, an electronic bill
presentment and payment service designed to bring e-commerce solutions to
By supporting Envera's electronic marketplace, we can provide its
members with flexible transaction settlement options and a better way to
conduct business-to-business exchanges,'' said Sandi Larsen, First Union Global
Cash Management Vice President and Internet Development Manager.
``We welcome additional members and strategic investors.
We are very
pleased that the companies currently exploring the Envera business plan and
helping us finalize our e-business model represent nearly $100 billion in
revenue,'' said Mooney.
``We are very excited about our future.
Envera, bricks and mortar are taking back the Internet!''
- These companies include:
- Albemarle Corporation
- Aristech Chemical Corporation
Occidental Chemical Corporation
- BF Goodrich Performance Materials
- Castrol International
Rohm and Haas Company
- Eastman Chemical
- Ethyl Corporation
Ultramar Diamond Shamrock Corporation
Companies interested in Envera should contact Rich Chvala at
His phone number is 804-788-5667. The website can be
found at www.Envera.com.
About Our Strategic Participants
Albemarle Corporation (NYSE: ALB - news) is a global supplier of specialty and
fine chemicals that enhance consumer products.
Albemarle serves markets for
polymers, surfactants and biocides, pharmaceuticals, agricultural chemicals,
photographic chemicals, water treatment, oilfield chemicals and petroleum
Aristech Chemical Corporation is a billion dollar producer and marketer of
a wide range of chemical and polymer products.
Aristech's core businesses are
industrial and intermediate chemicals and polypropylene resins.
have strategic businesses in acrylic sheet and decorative surface materials.
Headquartered in Pittsburgh, Pa., the company employs 1,100 people in seven
locations in four states.
BDP International, Inc. (bdpinternational.com) is one of the largest
privately-held global transportation and logistics companies in the U.S.
Formed in 1966, the company has become a recognized leader in the management
of chemical exports and imports.
Revenue from sales totaled approximately
$900 million in 1999; 70 percent of which was generated from services to the
chemical industry. All internal practices have been formulated to handle the
uniqueness of these products.
BDP provides a range of services, including
surface, air, and ocean transportation; export freight forwarding; import
customs brokerage and regulatory compliance; project/dimensional services;
warehousing, consolidation, distribution; logistics process analysis and
design; and shipment transaction/tracking systems.
BF Goodrich Performance Materials, a segment of The BF Goodrich Company,
is headquartered in Cleveland, Ohio.
BF Goodrich, a Fortune 300 company, has
leading market positions in advanced aerospace systems, performance materials
and engineered industrial products.
BF Goodrich sells its performance
materials to customers around the world for a broad range of consumer and
industrial end-applications in value-added growth markets, such as personal
care, pharmaceuticals, food, apparel, medical, electronics, transportation and
construction. BF Goodrich Performance Materials is organized into three
market-focused groups: Textile & Coatings Solutions, Consumer Specialties, and
Polymer Additives & Specialty Plastics.
Castrol International (NYSE: BURMY - news) is the world's largest specialist in
the production and marketing of lubricants, and allied products and services.
While best known for automotive lubricants, Castrol also produces a wide range
of specialty products and services for other applications, including the
commercial vehicle, marine and industrial sectors.
For over 70 years, CHEMCENTRAL has been a leader in the
distribution of industrial chemicals.
CHEMCENTRAL's primary focus is on five
key markets including: paint, coatings and inks; adhesives, caulks and
sealants; household, industrial and institutional cleaning, personal care and
cosmetics; and rubber and plastics compounding.
Eastman Chemical Company:
Headquartered in Kingsport, Tenn., Eastman
Chemical Company manufactures and markets more than 400 chemicals, fibers and
An e-commerce leader within the chemical industry, Eastman employs
approximately 15,000 people in more than 30 countries and had 1999 sales of
Ethyl Corporation (NYSE: EY - news) develops, manufacturers and blends
performance-enhancing fuel and lubricant additives marketed worldwide to
refiners and others who sell petroleum products for use in transportation and
Ethyl additives increase the value of gasoline, diesel
and heating fuels as well as lubricants for engines, automatic transmissions,
gear and hydraulic and industrial equipment.
First Union (NYSE: FTU - news), with $253 billion in assets at December 31, 1999,
is a leading provider of financial services to 16 million retail and corporate
customers throughout the East Coast and the nation.
The company operates
full-service banking offices in 12 east coast states and the District of
Columbia and full-service brokerage offices in 41 states.
products and services can be accessed through www.firstunion.com.
is one of the founding members and owners of Spectrum, an Electronic Bill
Presentment and Payment service designed to bring e-commerce solutions to the
Hercules Incorporated (NYSE: HPC - news) is a global manufacturer of chemical
specialties used in making a variety of products for home, office, and
Core businesses and their key products are: Process
Chemicals and Services Segment - Pulp and Paper, for total solutions to
customers' pulp and paper manufacturing needs; BetzDearborn, for water and
industrial process systems; Functional Products Segment - Aqualon, for
thickeners used in water-based products such as latex paint; Food Gums, for
natural gum ingredients in food and beverages; Chemical Specialties Segment -
Resins, for hydrocarbon and rosin resins used in adhesives; Fiber Visions, for
staple fiber used in hygienic products and automotive textiles.
established in 1912, is headquartered in Wilmington, Delaware, U.S.A.
IBM (NYSE: IBM - news) is the world's largest information technology (IT) company
and provider of IT services.
It creates, develops and manufactures the
industry's most advanced information technologies, including computer systems,
software, storage devices and microelectronics.
IBM's Global Chemical &
Petroleum Industry and ChemSystems, a wholly-owned subsidiary of IBM, help
companies in these markets become more competitive through the innovative
deployment of high-impact solutions, from e-business services and business
consulting to systems integration and outsourcing.
IBM also works with
business partners to deliver best-of-breed technology to its customers.
Occidental Chemical Corporation (NYSE: OXY - news) is a wholly owned subsidiary
of Occidental Petroleum Corporation and is a leading chemical manufacturer,
with interests in basic chemicals, vinyls, petrochemicals, and specialty
The company is based in Dallas, Texas, and has manufacturing
facilities in the United States and six foreign countries.
PPG Industries (NYSE: PPG - news) has been innovating process and product
technology since 1883.
It is the world's largest producer of transportation
coatings and a leading maker of industrial, packaging and decorative coatings,
as well as flat and fabricated glass, continuous-strand glass, and industrial
and specialty chemicals.
PPG has about 120 manufacturing facilities in 23
PricewaterhouseCoopers is the world's largest professional services
Drawing on the knowledge and skills of more than 150,000 people
in 150 countries, they help their clients solve complex business problems and
measurably enhance their ability to build value, manage risk and improve
performance in an Internet-enabled world.
Rohm and Haas Company:
For more than 90 years, Rohm and Haas has been a
leader in specialty chemical technology. Our chemistry is found today in paint
and coatings, adhesives and sealants, household cleaning products, personal
computers and electronic component, construction materials and thousands of
The company now consists of four global business groups.
The largest is Performance Polymers, followed by Chemical Specialties,
Electronic Materials and Morton Salt.
Each business has an ever-increasing
ability to supply the full range of technology, products and services to meet
customers' needs for innovative products of consistent quality anywhere in the
Rohm and Haas has annual sales revenue of about $6.7 billion.
employs more than 20,000 people and operates nearly 150 facilities in 25
Solutia Inc. (NYSE: SOI - news) is an applied chemistry company that manufactures
products for a wide variety of markets including an integrated family of nylon
products; performance films for laminated safety glass and after-market
applications; resins and additives for high-value coatings; and specialties
such as aviation hydraulic fluid and environmentally friendly cleaning fluid
and environmentally friendly cleaning fluids for aviation.
St. Louis, Mo., Solutia has 10,600 employees and 34 manufacturing sites around
Sunoco Chemicals (NYSE: SUN - news), based in Philadelphia, is a business unit of
Sunoco, Inc, one of the nation's largest independent refiners and marketers.
Sunoco Chemicals' line of base and intermediate aromatics and olefins are the
raw materials for fast growing markets in fibers, resins, surfactants, and
Located in one of the largest chemical regions in the U.S, and
backed by the infrastructure of a large refining base, Sunoco has access to an
extensive distribution network of railroads, trucks, pipelines, and waterborne
vessels. With a highly innovative workforce, Sunoco Chemicals is committed to
new project development and investment to support growing customer demand.
Ultramar Diamond Shamrock Corporation (NYSE: UDS - news) is one of the largest
independent refining and marketing companies in North America, with revenues
of nearly $14 billion and assets totaling $5 billion. UDS has over 20,000
employees in the United States and eastern Canada.
The company owns six
refineries in Texas, California, Oklahoma, Colorado and Quebec, Canada with a
combined throughput capacity of 645,000 barrels per day and has over 5,000
retail gasoline outlets in 20 US states and six Canadian provinces. The
majority of these are branded Diamond Shamrock, Ultramar, Beacon or Total.
UDS also has significant petrochemical, home heating oil, and convenience
store merchandising businesses.
Companies interested in Envera should contact Rich Chvala at
His phone number is 804-788-5667. The website can be
found at www.Envera.com.