HOUSTON, 13 July, 2020 /PRNewswire/ -- ICIS, part of RELX, today announced it has acquired Chemical Data, LLC (CDI), a leading provider of US petrochemical price benchmarks, market analysis, and predictive analytics, based in Houston. The combined capabilities create a global presence and trusted intelligence in key petrochemical markets worldwide.
Established in 1979, CDI has more than 40 years of experience in supporting transactional and short-term planning decisions in the US petrochemical sector. Petrochemicals are a critical part of the global supply chain and are present in 96% of all manufactured goods. The chemicals industry itself adds $1.1 trillion to the world's GDP*. The combination of the two businesses will deliver global price benchmark data, market analysis, forecasts, and thought leadership capabilities that are trusted and differentiated. This will enable customers to make better-informed and timely decisions, which is of increasing importance in periods of extreme volatility when consumer demands and market dynamics shift rapidly.
Dean Curtis, CEO & President of ICIS, said: "We are focused on providing our customers in the global chemical industry with the highest quality data, analytics and insight. This will connect the market and enable smarter decisions that ultimately optimise the use of the world's valuable resources. CDI is widely recognised as a leader in the US petrochemical segment. By joining CDI's expertise with ICIS' leading presence in Europe and Asia, we can provide customers with an extensive, robust and comprehensive view of key global petrochemical markets."
"We are delighted to welcome CDI to the RELX family. It is a world-class team which brings market relationships and deep understanding of the US petrochemical and plastics sector. Combining CDI with ICIS brings us closer to delivering our goal of empowering our customers' decision making with the most timely, relevant information across the chemical industry," Curtis said.
Jason Brown, CDI President, said: "It is a perfect fit. ICIS is an established provider of price benchmarks in several European and Asian petrochemicals segments and CDI has equivalent positions in the US. For decades, both companies have been the backbone of thousands of transactions around the world, and our strategies and beliefs in the future of this critical market are closely aligned. Combining our deep expertise in our respective regions will bring significant benefits to our customers around the world as well as the broader industry."
For further information please visit www.icis.com and follow live updates via LinkedIn.
ICIS is a trusted source of Independent Commodity Intelligence Services for the global energy, petrochemical and fertilizer industries. We are a division of RELX.
At ICIS, we help businesses make strategic decisions, mitigate risk, improve productivity and capitalise on new opportunities. We make some of the world's most important markets more trusted and predictable by providing data services, thought leadership and decision tools. As a result of our global presence, we can deliver targeted connected intelligence to influence thousands of decisions across supply chains every single day. We shape the world by connecting markets to optimise the world's valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £35bn, €39bn, $44bn.
Chemical Data was founded in Houston, Texas in 1979 to provide timely and accurate analyses and forecasts of the ever-changing U.S. petroleum, petrochemical, and plastics markets. Our clients span the globe and include investment, energy, oil, chemical, and consumer product companies. Our clients also include a number of plastics converters and plastics consumers, both large and small.
The rapid acceptance of our company in the early 1980's was primarily due to a genuine need for the high quality market data and forecasts that we provide. This information spans and links the petroleum and petrochemical industries from crude oil to plastics. We develop our analysis by thoroughly examining and surveying each of the major petroleum and petrochemical markets that we cover on a monthly basis.