The American Petroleum Institute’s Petroleum Industry Data Exchange (PIDX) and the Chemical Industry Data Exchange (CIDX) are to cooperate on developing standards for XML-based electronic business transactions within and between their global industries. With combined annual sales of more than 2 trillion dollars, the chemical and petroleum industries represent a significant market for business-to-business transactions.
CIDX executive director Patricia Simmons said, “As companies begin to transact using XML, the need for standards, extensions, enhancements and support grows. By pooling our resources we can accelerate this development while meeting the needs of both industries.” PIDX initially will explore adopting Chem eStandards, already developed by the chemical industry.
Kendra Martin, executive director of API’s PIDX said, “Chem eStandards provides an excellent starting point for PIDX development and will allow us to meet the needs of the oil and natural gas industry.” Further participation in cross-industry standards groups such as OASIS and UN/CEFACT is also envisaged.
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