DSM Hydrocarbons Licenses Triple Point's TANGO Oil Trading Business System; Triple Point Enhances TANGO To Tap End-user Oil Products Market.WESTPORT, Conn.--(BUSINESS WIRE)--Aug. 5, 1999-- Triple Point Technology, Inc. (www.tpt.com), the leading provider of enterprise-wide commodity trading business systems, today announced DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. Hydrocarbons has licensed its TANGO(TM) oil trading business system. TANGO, originally designed for commodity trading companies, will be enhanced to meet the specific needs of DSM Hydrocarbons, a petroleum products end-user. The TANGO system will be deployed in DSM Hydrocarbon's Sittard office in The Netherlands. With a combined annual capacity of over one million tons of ethylene and over half a million tons of propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. , DSM supplies its manufactured products to other DSM business groups as feedstocks for the production of polyethylene, polypropylene, EPDM rubber EPDM rubber (ethylene propylene diene monomer rubber) is an elastomer which is characterized by wide range of applications. EPDM rubber is used in vibrators and seals; glass-run channel; radiator, garden and appliance hose; tubing; washers; belts; and electrical insulation. , and acrylonitrile acrylonitrile /ac·ry·lo·ni·trile/ (ak?ri-lo-ni´tril) a colorless halogenated hydrocarbon used in the making of plastics and as a pesticide; its vapors are irritant to the respiratory tract and eyes, may cause systemic poisoning, and are . DSM Hydrocarbons will use TANGO to manage the supply operations of its naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. steam crackers, including the acquisition of naphtha, gasoil, and other petroleum products on the open oil market. TANGO will enable DSM to perform sophisticated risk management and hedging functions, monitor supply requirements and inventory levels, and streamline its transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. operations. Although TANGO's existing front-to-back office, integrated functionality met DSM's requirements for managing its trading activities, enhancements to the system will be developed to cover DSM's just-in-time supply and inventory management needs. The enhancements to TANGO will enable petroleum product end-users, such as DSM, to: - manage detailed, real-time product scheduling of inbound feedstocks and blending components as well as outbound finished products; - monitor and forecast physical inventory positions by tank and product grade; - integrate manufacturing and refining production forecasts into risk position reports; - perform "what if" storage capacity scenarios; and - analyze the cost efficiency of a specific terminal and/or plant. "TANGO is winning Triple Point a highly diverse user-base," said Peter F. Armstrong, Triple Point principal and director of business development. "With the enhancements being developed for DSM Hydrocarbons, the appeal of TANGO will extend beyond the pure trading market to commodity end-users in all industries." "We had been searching for a trading system for quite some time, but none were the right fit," said Lambert van de Leemput, Marketing Manager Feedstock Supply & Physical Distribution, DSM Hydrocarbons. "Given Triple Point's ability to add a module that meets the needs of our specific business, TANGO was clearly the best choice in the marketplace." About TANGO TANGO is a Windows-based, client/server front-to-back-office trading system for the physical and derivative oil commodity markets. It provides trade processing, position and risk management analysis, mark-to-market and realized profit/loss reporting, contract/confirmation administration, physical scheduling, traffic operations, trade settlement, invoicing, and financial operations. About Triple Point Technology, Inc. Founded in 1993, Triple Point is headquartered in Westport, Connecticut and operates satellite offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Houston, London, and Singapore. Its clients include such leading worldwide trading enterprises as ARCO Aluminum, Koch Industries, Morgan Stanley, Noranda Aluminum, the Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. (TVA TVA: see Tennessee Valley Authority. ), Trafigura, Williams Energy, Rudolf Wolff, and YPF YPF Yacimientos Petrolíferos Fiscales (Argentina) YPF Esquimalt, British Columbia, Canada (Airport Code) YPF Young Peoples Fellowship S.A. |
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