LyondellBasell Expands on GT Nexus Portal for Global Logistics Visibility and Control
Oakland, CA – October 20, 2009 – GT Nexus today announced that LyondellBasell, one of the world’s largest polymers, petrochemicals and fuels companies, has begun a full roll out of a Web-based global logistics visibility and control platform for its deep sea cargo. The initiative supports the company’s polymers business.
The platform, provided as an on-demand service, was tested and proven during a short pilot phase. LyondellBasell is now extending the platform to cover additional key trade lanes and trade partners across Asia, Europe, the Middle East and Australia. The roll out will ultimately cover all global supply sources and trade lanes.
Headquartered in The Netherlands, LyondellBasell Industries operates more than 50 manufacturing sites in 19 countries. With sales representation throughout the world, the company reported 2008 annual revenues of $50.7 billion.
“LyondellBasell is a very strategic customer win for GT Nexus because they’re a leader in the petrochemicals industry,” said Greg Johnsen, EVP and co-founder of GT Nexus. “Their supply chain involves multiple different, independent organizations that each need to see specific information elements related to product that’s being moved by a third party. An industry standard platform like GT Nexus is the perfect way to deliver a multitude of custom, private views to a broad array of constituents.”
Because GT Nexus provides a hosted service, LyondellBasell accesses the platform over the Web, eliminating the need for hardware purchases, software installations, or additional in-house IT staff. The system is delivered through the GT Nexus Trade and Logistics Portal and configured specifically for LyondellBasell, their carriers, their customers and their supply sources.
A number of LyondellBasell carriers were already connected to GT Nexus, which allowed for a quick and successful pilot phase. As part of the expansion project, GT Nexus will integrate with a number of new ocean carriers that specialize in key regions and energy commodities. Once connected to GT Nexus, these carriers will be able to support additional customers on GT Nexus without the need to connect systems and map data feeds.
About LyondellBasell
LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. LyondellBasell (www.lyondellbasell.com) is privately owned by ProChemie GmbH, a joint venture of Access Industries and ProChemie Holding Ltd.
About GT Nexus
GT Nexus runs the world's only industry-backed, on-demand global trade and logistics portal. Today, more than 40,000 registered users, from over 15,000 organizations use a range of capabilities on the portal to optimize the global flow of goods and trade information from order point to final payment. GT Nexus connects the physical and financial supply chains. This allows buyers, sellers, banks and logistics providers to work over a common platform with a core set of information that supports multiple trade and logistics functions. Customers include Xerox, American Eagle Outfitters, Procter & Gamble, Nestle, Weyerhaeuser and The Home Depot. For information, visit www.gtnexus.com.