Global Leader in Commodity Management Solutions Continues to Build on a Series of Rapid and Successful Asian Market Software Implementations as South Korean Petrochemical Company Goes Live on Allegro’s CTRM Software SINGAPORE, July 31, 2018 – Allegro Development Corp., the world’s leading commodity management software provider, announced today that South Korean petrochemical company, Hanwha Total Petrochemical, has successfully gone live on Allegro’s cloud-enabled CTRM software, Allegro Horizon, after a quick and efficient 10-week implementation. In South Korea, Hanwha and Total are partners at the Daesan integrated refining and petrochemicals platform as part of the 50/50 Hanwha Total joint venture. The industrial site is comprised of a flexible condensate splitter, a competitive steam cracker and polymers, styrene and aromatics units. Prior to selecting Allegro’s CTRM software, Hanwha Total utilized multiple home-grown solutions to manage its complex supply and price risk management. The South Korean-based company’s leadership team determined the need for an advanced commodity software solution that provides real-time market and portfolio insights, stringent business controls, and robust risk management capabilities. Hanwha Total’s complex businesses, both regional and global, require full value chain risk management on one commodity management platform, including the purchase of feedstocks, processing into petrochemicals, and the sale… continue reading
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Source: CTRM Center