PRODUCTS AND TECHNOLOGIES
Professional Datasolutions, Inc. | December 14, 2021
Shell Oil Company (Shell), the largest fuel network in the U.S., and PDI, the management software company in charge of the Fuel Rewards® program, have announced AAdvantage®, the American Airlines loyalty program, is joining the Fuel Rewards program as its first airline partner. The addition of AAdvantage® means that its members will now be able to earn two AAdvantage® miles for every gallon of fuel they purchase at Shell.
AAdvantage® members who join Fuel Rewards will also receive 100 AAdvantage® miles after joining and making their first fill-up at Shell.
"Covid has changed a lot about travel, but with some light at the end of the tunnel, we know many people are anxiously awaiting and even planning for their next trip. Shell and American wanted to partner together to help travelers make the most of that trip by allowing them to earn airline miles with every fill-up at their local Shell,"
Greg Lemen, Director Loyalty Partnerships and New Business Development for Shell Retail US
"PDI is continuously looking for new Fuel Rewards program partners, and we're thrilled to welcome AAdvantage® to provide benefits for its members and Fuel Rewards loyalty members," said Bobby Spence, Vice President and General Manager for Fuel Rewards at PDI. "This is a first-time airline partnership for PDI, and we look forward to helping travelers, whether by plane or car, maximize their benefits while getting to their next destination."
Consumers who join the Fuel Rewards program will also earn savings on participating purchases related to dining, in-store rewards, online shopping, events, rental cars and more.
Shell Oil Company is an affiliate of Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates over 14,000 Shell-branded stations across 50 states and employs more than 17,000 people working to help tackle the challenges of the new energy future.
ABOUT FUEL REWARDS
The Fuel Rewards program is the premier national loyalty program that connects national and regional brands with millions of consumers who enjoy earning cents-per-gallon savings at the pump. PDI Marketing Cloud Solutions powers and runs the Fuel Rewards program that serves over 25 million members and has helped them save over $2 billion on their fuel purchases to-date. As part of a national coalition loyalty program, Fuel Rewards members earn rewards on everyday purchases from a variety of retailers and can redeem cents-per-gallon rewards at over 14,000 Shell locations across the U.S. To learn more about the Fuel Rewards program and to become an issuing partner.
Professional Datasolutions, Inc. software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI's solutions and expertise to deliver convenience and energy to the world.
chemicals | December 10, 2020
The UK synthetic compounds industry on Wednesday cautioned again that a no-bargain end to Brexit would harm synthetic substances exchange and venture.
In front of what is broadly observed as the basic gathering in post-Brexit exchange talks between UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Wednesday night, the Chemical Industries Association (CIA) encouraged the two leaders to conclude and consent to a deregulation arrangement (FTA).
"Synthetic organizations in the UK close by those in EU part states, have reliably set out the case with the expectation of complimentary exchange and administrative consistency," said Steve Elliott, CIA's CEO.
"We don't look for such a result for it – UK firms need it to guarantee that they can keep on sending out on a serious premise to our greatest market, without the enormous disturbance and cost that levies, border postponements and copy administrative prerequisites would all bring through an inability to concur an arrangement.
"A 'no arrangement' result for an exchange concentrated industry that sends over 60% of its absolute fares to the EU 27 would obviously harm the possibilities for that exchange, and for speculation and occupations the nation over".
A no-bargain end to UK-EU post-Brexit exchange talks would imply that levies are applied to fares and imports from and to the UK.
The expenses and strategic weight would put synthetic compounds makers and customers that exchange intermediates and completed products with the 27-nation coalition under exceptional short-and long haul operational and cost pressure.
Administrative arrangement is viewed as an intricate test for synthetics makers and purchasers in both the UK and the EU from 1 January 2021.
Exchange talks among London and Brussels have arrived at a basic point with time nearly depleted for the inking of an arrangement.
With exchanges pushed to the wire, Johnson and von der Leyen will meet in Brussels to endeavor to beat the last obstacles to an understanding which is purportedly being held up on basic issues of power and rivalry.
The UK's public telecaster BBC provided details regarding Wednesday that there stay significant contradictions on "fishing rights, business rivalry rules and how an arrangement would be policed".
ICE and Hedge | December 10, 2021
Intercontinental Exchange, Inc. a leading global provider of data, technology, and market infrastructure, announced that it plans to launch its first ethylene futures contracts on December 13.
Designed for participants who need to manage their exposure to ethylene price risk from the U.S. Gulf Coast to Asia, the two cash settled futures contracts are based on ethylene price assessments by ICIS. The ICIS CFR NE Asia ethylene assessment and the ICIS CFR SE Asia ethylene assessment are quoted on a cost and freight basis per metric ton of ethylene for delivery.
“These new contracts will provide a direct hedge for the market to manage its ethylene exposure on the water from the Gulf Coast to Asia. There is tremendous demand from Asia for these contracts given the role ethylene plays in the plastics and packaging manufacturing industry.”
J.C. Kneale, Vice President, North American Gas and Power at ICE
Ethylene is considered to be amongst the most important and widely used petrochemical components. It is one of the key ingredients to make plastic, PVC, polyethylene, and ethylene glycol used in polyester and antifreeze. Polyethylene is estimated to account for more than half of global ethylene demand and is used to make packaging, trash can liners, as well as coating paper and cardboard.
“With its new ethylene export capacity, the US is now a significant player in the global ethylene market. Our petrochemicals team in North America and Asia is immensely pleased to be working with ICE to provide end-to-end hedging solutions in this space,” said Mark Quiner, Head of Petrochemicals at Marex. “We share ICE’s focus on derivatizing petrochemicals in the U.S. as it allows us both to offer our clients international vertical hedging solutions from the well-head all the way to the end of the barrel.”
“Ethylene is the starting point for so many consumer and industrial goods that impact our daily lives,” said Anne-Sophie Purtell, Regional Head of Sales, Greater Asia at ICIS. “The decision to launch the futures contracts shows the increased sophistication of the market. ICIS price assessments are referenced throughout the world and represent an industry reference point. We are delighted that ICE’s Asia ethylene futures contracts will be settled on ICIS price assessments.”
The new ethylene contracts will trade alongside ICE’s existing Gulf Coast ethylene contract, the Ethylene, OPIS PCW Mont Belvieu future, and the contracts which hedge the feedstocks to make ethylene including the ICE Ethane, OPIS Mt. Belvieu Non-TET future and option contracts.
In addition, ICE plans to launch its first Asia Propylene contracts on January 10, which will be the Propylene ICIS CFR NE Asia Future and the Propylene ICIS CFR SE Asia future. Propylene is the raw material to produce polypropylene, a widely produced commodity plastic, with applications in many household items, clothing, and other consumer products.
About Intercontinental Exchange
Intercontinental Exchange, Inc.is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.