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OpenLink Corporate Headquarters - Long Island, New York Office

1502 RXR Plaza 15th Floor - West Tower
Uniondale
NY
US

OpenLink, Houston Office

909 Fannin, Suite 1200
Houston
TX
US

OpenLink, London Office

5 Aldermanbury Square London
London
GB

OpenLink, Berlin Office

Friedrichstrasse 200, Quartier 106
Berlin
DE

OpenLink, New York City Office

1370 6th Avenue of the Americas, Suite 901
New York
NY
US

OpenLink, Sydney Office

Level 11, 28 Hunter Street
Sydney
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OpenLink, Sáo Paulo Office

Alameda Santos 2441 2nd Floor
Sáo Paulo
BR

OpenLink, Vienna Office

Wienerbergstraβe 31-39
Wien
AT

OpenLink, Singapore Office

6 Temasek Boulevard #27-03A Suntec Tower 4
Singapore
SG

OpenLink, Tulsa Office

320 South Boston Avenue, Suite 600
Tulsa
OK
US

OpenLink, Toronto Office

133 Manitou Drive
Kitchener
CA

OpenLink, Bangalore Office

The Millenia, Tower A, Level 7, #1 & 2 Murphy Road, Ulsoor, Bangalore 560008, Karnataka State, India
Bangalore
IN

OpenLink, Mexico City Office

Paseo de la Reforma 265, 16th Floor
Mexico City
D.F.,
MX

New York, NY Head Office

1345 Avenue of the Americas
New York
NY
US

London Office

30 St Mary Axe
London
GB

Telephone

212-901-9750

Contact

Jiro Okochi
[email protected]
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Superior Plus Energy Services Selects OpenLink Trading and Risk Solution for US Refined Fuels Growth

OpenLink, the global leader in trading and risk management solutions for the energy, commodities, corporate and financial services industries, announced today that Superior Plus Energy Services has selected its energy trading and risk management solution.

Superior Plus Energy Services, a business segment of Superior Plus Corp. (TSX:SPB), chose OpenLink to better manage operational efficiency as its US Refined Fuels business reaches more customers. Superior Plus Energy Services has expanded its propane, heating oil, diesel fuel, gasoline and associated equipment and service business through several recent acquisitions, and today serves more than 200,000 Northeast and Mid-Atlantic US residential and commercial customers.

As Superior Plus Energy Services manages organic and acquisition-driven growth across the eleven states that they serve, the company selected OpenLink’s solution for an integrated approach to physical and financial deal capture with real-time analysis of risk position reporting, logistics, settlement and accounting. Leading US Refined Fuels businesses such as Superior Plus Energy Services are meeting the demands of a competitive market place with technology-driven investments into robust and scalable systems to improve management of purchasing, supply and operating leverage.

“We have a nearly 100-year legacy of dedication to customer service, increasing market share and delivering returns for investors. To maintain those high standards in today’s market, we knew that we needed to invest in best-in-class technology,” said Marc Schoone, Vice President of Supply & Terminals at Superior Plus Energy Services. “OpenLink proved to be the platform to help us keep in stride with competitive consolidation and the critical real-time, integrated analysis we need across geographies, assets and operations of each branch of our business.”

Matt Lehto, Senior Vice President of OpenLink, said that businesses across the energy spectrum are turning to OpenLink for proven front-to-back office solutions that can deliver an overall view of risk in forecasting, sourcing, storage, trading, and accounting. “There is little margin for error in this industry, where consolidation and growth are coupled with increased counterparties, asset classes and volumes of transactions. OpenLink continues to show its value to companies like Superior Plus Energy Services that must be able to handle complex assets, contracts and deals with ease.”