Eastman Chemical signs to Kiodex Workbench

Eastman Chemical Company of the US plans to install new technology from Web-based risk management solutions for the commodity markets, Kiodex, to manage earnings exposure to energy price risk.

The Web-based service, called Risk Workbench, was only commercially launched three weeks ago. It integrates Kiodex’s three core services into a single application that provides direct trade feeds from leading online energy trading platforms.

"Eastman Chemical recognises that energy and feedstock price volatility is here to stay," said Lloyd Webb, procurement manager of global chemical and energy procurement at Eastman Chemical. "The Kiodex Risk Workbench's three core services - sophisticated pricing calculators, readily available market data, and customisable risk reports - were the best combination of tools to help us manage that volatility."

Webb also pointed to Risk Workbench's ability to create sophisticated scenarios as being a powerful asset when making strategic hedging decisions.

"We're certain that this is just the beginning of similar announcements from Kiodex, as more corporations realise the potential for tremendous cost savings over the long term by implementing efficient hedging strategies," claimed Raj Mahajan, Kiodex president.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here