LONDON and NEW YORK, April 22, 2016 /PRNewswire/ --
The 2016 ICIS Kavaler Award, sponsored by The Chemists' Club, and in association with The Valence Group, will be awarded to Jim Ratcliffe, chairman of INEOS, in recognition for outstanding achievement as voted on by his peers.
This unique global chemical industry award will be presented to Mr. Ratcliffe at a black tie dinner ceremony on Wednesday, September 14, 2016, at the Metropolitan Club of New York, in New York City.
The winner of the ICIS Kavaler Award is selected by his/her peers - the senior executives in the ICIS Top 40 Power Players listing - a global ranking of the leaders making the greatest positive impact on the chemical industry.
"I am delighted to receive this award on behalf of INEOS. We live in challenging times and it is essential that our industry responds rapidly to those challenges. That is what we have been trying to achieve in INEOS and I'm proud for all of our employees that those efforts have been recognised by our peers," said Ratcliffe.
"Jim Ratcliffe has led INEOS as one of the most creative and intrepid chemical companies worldwide. By investing in his long-term vision, INEOS is the first ever to import US ethane for local petrochemical production. The company is also on the forefront of shale gas exploration in the UK and has been a key consolidator in the European polyvinyl chloride (PVC) sector," said Joseph Chang, global editor of ICIS Chemical Business.
In the award selection process, ICIS and The Chemists' Club invited each of the ICIS Top 40 Power Players for 2015 to vote for three individuals on the ballot, based on newsworthy achievement in one or more of the following categories:
- Profitability/shareholder value - Mergers and acquisitions (deals or integration) - Projects/capital investment - Innovation - technology, product, business process with an impact on industry and society
Previous winners of the ICIS Kavaler Award include Dow Chemical CEO Andrew Liveris (2015), former LyondellBasell CEO Jim Gallogly (2014) and former PPG Industries CEO Charles Bunch (2013).
The award is a revival of the Kavaler Award, which was presented by Chemical Market Reporter to leading chemical CEOs from 1990 to 1999, including Jon Huntsman Sr., founder, chairman and CEO of Huntsman, and Frank Popoff, chairman and CEO of Dow Chemical. Arthur Kavaler, who served for 46 years as reporter, editor and eventually publisher and editor-in-chief of Chemical Market Reporter - one of the three publications incorporated into ICIS Chemical Business - passed away at the age of 91 on January 18, 2012. Kavaler, a probing reporter and an editor with unwavering conviction, had a major impact on chemical industry journalism.
ICIS Chemical Business is part of ICIS. ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts. With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Barcelona, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of RELX Group.
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a leading global provider of data, information and solutions for professional customers.
INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 18 businesses each with a major chemical company heritage. Its production network spans 65 manufacturing facilities in 16 countries throughout the world. INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Its businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life. http://www.ineos.com
About The Chemists' Club
Founded in 1898. The Chemists' Club is a non-profit educational organization whose membership is open to anyone with an interest in the chemical sciences, including chemists and chemical engineers, people in the life sciences, security analysts, attorneys, educators and consultants as well as students (dues free). The club is working with students to help them make informed career choices as well as to better prepare them for those careers. For more information about The Chemists' Club, please go to http://www.thechemistsclub.com.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm's offices are located in New York and London. http://www.valencegroup.com