VOL. XLIII

No. 16

17-April-2000

E-COMMERCE

Energy Majors Announce Launch Of B2B Procurement Exchange

Fourteen leading energy and petrochemical companies on 11 April announced their intention to launch a global independent industry electronic procurement exchange and prepare it for an initial public offering (IPO) later in the year. The venture marks a significant development in the burgeoning internet-based business-to-business (B2B) marketplace, as it groups together the energy industrys major...