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Solutia selects ChemConnect“s World Chemical Exchange as preferred platform for online trading

Solutia Inc. has announced a modest equity investment in ChemConnect Inc., making Solutia a Charter Member of the World Chemical Exchange, the largest global Internet exchange for chemicals and plasti…

Solutia Inc. has announced a modest equity investment in ChemConnect Inc., making Solutia a Charter Member of the World Chemical Exchange, the largest global Internet exchange for chemicals and plastics. As a Charter Member, Solutia will also participate in ChemConnect“s e-Commerce Roundtable. “Our participation on the e-Commerce Roundtable will allow us to gain useful insights in the e-business arena,” said Chip Merritt, director of e-business for Solutia. “This is the first of several moves that Solutia will make in e-business. We have been evaluating the Internet landscape for some time, and now it is time to act.” The World Chemical Exchange is the neutral marketplace where the US$ 1.7 trillion global chemicals and plastics industries meet to conduct their online trades.

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