Issue Date: June 11, 2007
Electronic Market Buys ChemConnect
IntercontinentalExchange (ICE), an electronic energy marketplace based in Atlanta, will buy the commodity trading business of Houston-based ChemConnect. Created in 1995, ChemConnect is an electronic exchange for natural gas liquids and chemicals. Over the years, 46 major chemical companies invested in ChemConnect, which also took over many of the industry's early e-business trading sites. A group of energy and metals traders created ICE in 2000; this year it also bought the New York Board of Trade, which trades agricultural commodities.
- Chemical & Engineering News
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