INEOS chairman Jim Ratcliffe to receive 2016 ICIS Kavaler Award

LONDON (ICIS)–The 2016 ICIS Kavaler Award will be awarded to INEOS chairman Jim Ratcliffe in recognition of outstanding achievement, as voted on by his peers, it was announced on Friday.

Sponsored by The Chemists’ Club, and in association with The Valence Group, this unique global chemical industry award will be presented to Ratcliffe at a black tie dinner ceremony on Wednesday 14 September at the Metropolitan Club in New York.

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. 
 
Joseph Chang, global editor of ICIS Chemical Business, said: “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,” added Chang. 
 
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 include Dow Chemical CEO Andrew Liveris (2015), former LyondellBasell CEO Jim Gallogly (2014) and former PPG Industries CEO Charles Bunch (2013).