Strategies and Tools for Risk Management: Staying Ahead in a Compliant Conscious World

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Session Details

Strategies and Tools for Risk Management: Staying Ahead in a Compliant Conscious World

Monday, 9 September
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Managing risk is an increasingly important part of succeeding in the petrochemical industry. Forward curves are becoming common for major commodities. Understanding how to use benchmarks to trade forward markets, and how to use price forecasts to develop a risk management strategy, are two critical components to optimizing your business performance. This program will explore why benchmarks exist, how they operate, and how they are different from forecasts. We will also explore the role of risk management in an increasingly compliant-conscious world, the types of risk petrochemical markets face, and how to use tools for risk management for successful planning in real world applications.

Bill Hyde, Vice President Olefins & Elastomers, Chemical Market Analytics by OPIS; Kathy Hall, Executive Director, PetroChem Wire by OPIS; Ben Scriber, Director, North America NGLs, OPIS  
Kathy Hall, Executive Director, PetroChem Wire, OPIS
Ben Scriber, Director, North America NGLs, OPIS 
Speaker to be announced
Moderator: Bill Hyde, Vice President Olefins & Elastomers, Chemical Market Analytics by OPIS
Make new connections or join familiar faces during this dedicated networking break. Sessions to resume at 4:00 PM
Moderator: Ben Scriber, Director, North America NGLs, OPIS  
Moderator: Bill Hyde, Vice President Olefins & Elastomers, Chemical Market Analytics by OPIS

Speakers:
Arife Balazi, Archer Daniels Midland
 

Bill Hyde, Vice President Olefins & Elastomers, Chemical Market Analytics by OPIS 
 
Session Speakers

Arife Balazi North America Chemicals Category Manager Archer Daniels Midland

Ari, currently the North America Chemicals Category Manager at Archer Daniels Midland (ADM), brings over a decade of industry experience, including multiple roles at Tate & Lyle. Ari has a diverse background compassing procurement, contract management, and finance accounting, augmented by cross-functional collaborations. In her tenure within ADM's Global Procurement function, Ari has navigated roles spearheading categories and strategies focused in contractor services, labor, compliance, and facilities. Presently, she oversees a team responsible for ADM's indirect chemicals portfolio in North America, driving global strategies to optimize outcomes. ADM's procurement function has been recognized within the industry for its trailblazing transformations. The team aims to professionalize and proactively manage spend and supply chain risk through world-class category strategies and building formidable internal and external stakeholder relationships. Ari champions value delivery through SRM, category management, and strong streamlined procurement processes.

Kathy Hall Executive Director PetroChem Wire by OPIS

Prior to joining OPIS by Dow Jones, Kathy was the founder of PetroChem Wire, a daily news and pricing service dedicated to the US olefin and polymer markets. The company’s ethylene and propylene assessments serve as benchmarks for futures contracts that trade on the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE) and are widely used by the petrochemical and plastics industries as a reference in supply contracts and also spot market transactions. In addition to its daily reports, PetroChem Wire also publishes weekly reports about PVC and also recycled plastics. The OPIS PCW Recycled Plastics Weekly has published continuously since 2010. In 2018, OPIS acquired PetroChem Wire. Kathy now serves as OPIS’ executive director for global petrochemical products. Prior to founding PetroChem Wire, Kathy spent more than 10 years as an editor and manager at Platts, focused on petrochemical markets.

Bill Hyde Vice President, Olefins and Elastomers Chemical Market Analytics by OPIS

Bill Hyde is the Vice President of Olefins & Elastomers at Chemical Market Analytics. Mr. Hyde is a member of Chemical Market Analytics by OPIS, A Dow Jones Company. He leads a group that analyzes markets related to C4 Olefins, synthetic and natural rubber, and tire raw materials. He has been consulting in this market since 2002. Hyde began his career with the Union Carbide Corporation in 1990, where he had various positions, including production engineering, optimization, planning, and logistics. In 2000, he joined Texas Petrochemicals as a Business Analyst. In 2002, Hyde joined CMAI, which was acquired by IHS in 2011, in the Olefins Consulting Practice, focusing on C4 Olefins and rubber, assuming responsibility for that practice in 2006. The Base Chemicals Group of HIS Markit, which includes the C4 Olefins and Elastomers Practice, was divested to News Corp in June 2022 and became Chemical Market Analytics by OPIS, A Dow Jones Company. He has published several papers on the Olefins and Elastomers industries and presented at numerous Olefins and Elastomers Conferences worldwide. Hyde has BSc and MSc Degrees in Chemical Engineering from Brigham Young University and an M.B.A. from Tulane University.

Ben Scriber Director, North America NGLs OPIS, A Dow Jones Company

Ben Scriber, the Director of Natural Gas Liquids and LNG, joined OPIS, A Dow Jones Company, in 2015. With over 20 years of experience in the North American NGL industry, Ben has experienced several bearish and bullish markets, and witnessed the ever-changing evolution of the NGL industry, including the growth of Mont Belvieu and its importance in the global NGL market. Prior to joining OPIS, he was a retail and wholesale supply manager for AmeriGas, the largest propane retailer in North America, and began his career as an analyst for a startup company called Chalkboard, which was then acquired and absorbed into the Intercontinental Exchange (ICE). As a balance, Ben also actively serves on the board of the LPG Charity Fund and the Petrochemical Feedstock Association of the Americas.
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