Ineos chairman tops ICIS 2006 power play listing

15 December 2006 09:01  [Source: ICIS news]

LONDON (ICIS news)--Ineos group chairman Jim Ratcliffe has been ranked this year’s most powerful person in the global chemicals industry by ICIS.

 

Ratcliffe’s takeover of BP’s Innovene operation for $9bn (€6.8bn) in 2005 and the fact that he has built up a $33bn turnover business through acquisition in less than eight years are the key factors behind his current presence in the sector and his top ranking on the ICIS list.

 

In second place is Sabic’s Mohamed Al-Mady, who has also masterminded rapid expansion of his company since 1998 in Saudi Arabia, Europe and now China.

 

He has also been instrumental in creating the recently formed Gulf Petrochemicals and Chemicals Association, which will meet for the first time in Dubai this weekend

 

Other industry figures in the top 10 are: Wang Tianpu, president and board director of Sinopec; Peter Huntsman of Huntsman Corp; Andrew Liveris of Dow Chemical; Kurt Bock of BASF; Mukesh Ambani of Reliance Industries; and Charles Holliday of DuPont.

 

The highest ranking non-industry power player is Guido Sacconi, at No. 4, the Italian member of the European Parliament who has been the EU’s rapporteur on the Reach chemicals policy legislation, which was approved by the European Parliament on Wednesday.

 

The ranking of the Top 40 power players in the industry is published on Monday in both ICIS Chemical Business and ICIS Chemical Business Americas. The Top 40 listing includes industry leaders, association heads, politicians, legislators and environmentalists.

 

($1 = €0.76)

By: Darren Ivey
+44 20 8652 3214

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