How Enviroil integrates ICIS data into workflows to improve decision-making

Enviroil is a prominent player in the base oils sector based in Portugal. Since it began operating, Enviroil invested heavily in developing innovative solutions for waste lubricating oil treatment and is the only company in Portugal with the capacity to carry out recycling and regeneration process. Enviroil partnered with ICIS several years ago and it has become a vital part of their pricing methodology allowing them to stay ahead of the curve in the dynamic base oils market and maximize workflow.

Chemical markets are complex, fast-moving and volatile. In these highly active markets, it’s important to make data-backed decisions. Companies need data access to inform strategy, allocate budget and negotiate pricing.

Enviroil subscribed to ICIS Insight Base Oils and the ICIS API and Excel plug-in. This allowed them to:

Victor, the managing director for commercial transactions at Enviroil, shared his experience:

"The data from ICIS is crucial for our business. It helps us track market movements, forecast prices and make informed decisions about our purchasing and sales strategies. The use of their Data as a Service offering makes it a seamless process and saves so much time, adding accuracy to our forecast. This has had a significant impact on our profitability."

Benefits:

Would you like to learn more about how ICIS data and analytics can support you? Sign up to try ICIS today and see how access to real-time market data allows you to make informed decisions and maximise margins.

Author: