Petro-Diamond Inc., Oil Trading Unit of Mitsubishi, Mandates Inatech for Digitization of US Gasoline Supply Chain

Petro-Diamond Inc., the oil-trading firm owned by Mitsubishi Corp., has appointed Inatech to re-engineer and digitize its entire gasoline supply chain through implementing an innovative software platform. PDI owns a 600,000-barrel terminal in the Port of Long Beach, California, from which it trades and markets petroleum products including gasoline, diesel oil and ethanol. It deals with major oil companies including Royal Dutch Shell, Chevron, Phillips 66, Valero and Andeavor, as well as the major distributors, public transportation systems such as MTA, and government offices including the US military and police. Inatech, which is owned by Glencore, specializes in energy trading risk management (ETRM) systems that support the full chain of business processes, from trading to transportation and delivery of oil. Inatech has adapted its core oil-trading product, called Techoil, to the specific needs of PDI, which includes catering to wholesaler distribution of gasoline and refined and renewable fuel products through so-called rack marketing. Inatech will start rolling out its system to at least 30 employees of PDI from the fall, with further integration following in a second phase next year. “Inatech is the right technology partner for PDI because the management truly understands our business and is willing to work… continue reading

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Source: CTRM Center

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