ICIS, part of RELX, today announced it has acquired Chemical Data, LLC (CDI), a provider of US petrochemical price benchmarks, market analysis, and predictive analytics, based in Houston.
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.
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.”