2014-06-19 09:01 AM
SINGAPORE--(BUSINESS WIRE)--Jun 18, 2014--Faced with dramatic shifts in supply and demand, an uncertain regulatory environment, and increasingly complex global petrochemical markets, participants are exposed to increasing benchmark risk without much transparency in the physical supply chain. For the first time, buyers and sellers will have a truly accurate alternative to outdated averaging and phone survey methods of petrochemical market pricing and analysis.
A market first, Genscape will combine its proprietary technology for gathering near real-time operational data on the petrochemical supply chain with TPS' extensive experience in commodity price assessments and analytics. The result is an exclusive look into current petrochemical prices with a unique understanding of the factors driving prices. "The industry now has unprecedented insight into current petrochemical prices with a view into the underlying fundamentals driving that price today and tomorrow," says Eric Hale CEO, The Petrochemical Standard. "TPS' strategic partnership with Genscape is a natural fit for the strengths of both firms. It provides the market with unique intelligence on petrochemical trading opportunities around the world, a view that has never existed in this form until today."
"Genscape and TPS are natural partners within this market, and together we demonstrate the power of fundamentals to drive price transparency," says Matthew Burkley, CEO Genscape. "We expect this partnership to increase visibility throughout the petrochemical space and bring an important shift to the market."
Free trials of a selection of TPS' petrochemical pricing bulletins are available upon request at info.genscape.com/petrochemical-price-data-trial-press
About The Petrochemical Standard (TPS)
As an industry upstart, The Petrochemical Standard (TPS) has enormous credentials and experience on its team. Founded in 2014, the company provides news, analysis and price assessment data for the global petrochemical marketplace. With offices in London, Houston, Singapore and Salt Lake City, TPS is a global provider of real-time data and intelligence for petrochemical markets completely focused on improving market transparency by connecting actual market fundamentals to price discovery. For more information, please visit: www.petchemstandard.com
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit:? www.genscape.com
CONTACT: The Petrochemical Standard
John Conkling, +1-516-795-8128
Director of Marketing
David Francoeur, +1-617-852-8868
Chief Marketing & Media Relations Officer
KEYWORD: ASIA PACIFIC SINGAPORE
INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY TECHNOLOGY DATA MANAGEMENT NETWORKS TRANSPORT SATELLITE MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT
Copyright Business Wire 2014
PUB: 06/18/2014 08:00 PM/DISC: 06/18/2014 08:00 PM