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Elemica is entering the chemical market with an unprecedented level of financing and industry support, and is the first e-marketplace to receive global participation. All of its funding sources are exclusively from within the chemicals industry, with no venture capital participation. Once operational, the company will focus on the contract buying and selling needs of the chemical industry.
The October signing signifies the last investment round in Elemica, which is now fully funded. An independent, stand-alone company, Elemica was formally founded on August 15th, 2000.
The following companies have signed the investment agreement with Elemica: Air Products and Chemicals, ATOFINA, BASF, Bayer, BP, Celanese, ChemCentral, Ciba Specialty Chemicals, Degussa-Hüls, Dow, DSM, DuPont, Millennium Chemicals, Mitsubishi Chemical Corp., Mitsui Chemicals, Rhodia, Rohm and Haas, Shell Chemicals, Solvay, Stinnes, Sumitomo Chemical and Vopak International.