CoreTRM, a provider of commodity trading and risk management system (CTRM) solutions, is excited to announce the kick-off of a new CTRM implementation for GS Caltex Petrochemicals. This marks the latest milestone in CoreTRM's continued partnership with GS Caltex, a leading South Korean energy company and a 50:50 joint venture between U.S. oil major Chevron and GS Energy, a subsidiary of GS Holdings.

Following successful implementations for both GS Caltex and GS Caltex Singapore Pte. Ltd, CoreTRM has been selected once again to implement its modern CTRM platform for GS Caltex Petrochemicals.

Ron Garden, CEO and Founder of CoreTRM, expressed enthusiasm about the continued partnership, stating: “We are delighted to extend our relationship with GS Caltex through this upcoming implementation for GS Caltex Petrochemicals. Our previous projects with GS Caltex have been a tremendous success, and we’re looking forward to delivering another seamless implementation that supports their petrochemical trading and risk management needs.”

A spokesperson from GS Caltex Petrochemical’s management added: “Our experience with CoreTRM’s previous implementations has been highly positive, and the CoreTRM platform has already become a valuable and efficient tool for the other business units. Therefore, we are highly confident that this new CTRM implementation will do the same for our petrochemicals activities.”

The ongoing success of CoreTRM’s CTRM implementation projects has solidified the company’s reputation as a trusted partner in the CTRM space. Through this kick-off, GS Caltex Petrochemicals will gain access to a modern CTRM platform designed to address the complexities of petrochemical trading and risk management.

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