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TPS to share game-changing market approach at EPCA 2014

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Oilfield Technology,

The Petrochemical Standard (TPS), a real time provider of critical pricing information to the global petrochemical market, is attending the European Petrochemical Association (EPCA) Annual Meeting in Vienna, October 4-8, 2014 to share its game-changing approach to commodity price assessments with the global petrochemical industry.

“We provide actionable insight in real-time with the flexibility to enable contextual linking in an unlimited number of ways,” says John Marshall, TPS founding partner and Chief Operating Officer. “As simple as this sounds, it’s a game-changer for our industry.”

TPS was designed to meet the multiple high-value needs that many industry players found lacking in the legacy systems and processes of traditional price reporting agencies (PRAs).  “We built TPS on the premise of providing deeper insights, value chain transparency and data flexibility,” says Marshall.

TPS uniquely leverages information on imports, exports, supply and demand and plant operations data to gain transparency across the value chain and generate price assessments that are largely based on the market fundamentals. A strategic partnership with Genscape™ enables TPS to provide unique products previously unavailable from a single provider.  TPS’ Aromatics Trade Flow Report, which supplements supply-side dynamics by providing an understanding of what aromatics shipments are moving into and out of the United States, is a prime example of the company’s facility in integrating content from Genscape to offer choice intelligence.

Traditional PRAs lack the agility and ability to offer more specific products and services to the market, forcing the need for a third party to filter unwanted information from larger, more expensive data packages. TPS provides customers exactly what they want and need without the added expense of buying superfluous subscriptions.

Adapted from a press release by David Bizley

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