Welcome!

News Feed Item

ICIS Unveils Top 40 Power Players for 2012

NEW YORK and LONDON, December 10, 2012 /PRNewswire/ --

ICIS Chemical Business magazine has revealed the ICIS Top 40 Power Players - the leaders changing the face of the global chemical sector through investments, acquisitions, restructurings and innovative ways to do business.

"It's been an eventful 2012 with major shifts in the global chemical landscape taking place, including impacts from the US shale gas boom," said Joseph Chang, Global Editor of ICIS Chemical Business.

"Headed into an uncertain period in 2013 fraught with political and macroeconomic risks amid slowing growth, these leaders face a great challenge in guiding their businesses through the turmoil," he added.

Taking the top spot in 2012 is Andrew N. Liveris, chairman, president and CEO of US-based Dow Chemical. He was also awarded top billing in 2010. The winner in 2011 was LyondellBasell CEO Jim Gallogly.

"Liveris is placing the big bets in the most cost-advantageous feedstock regions in the world - the Middle East and the US. Its US Gulf Coast expansions along with the Sadara joint venture project in Saudi Arabia with Saudi Aramco should position Dow with a low cost base for its higher-margin chemicals and polymers," said Chang.

"The Dow team is aligned and our priorities are clear," said Andrew N. Liveris. "We moved swiftly in 2012 and took action to protect our growth path and continue to be squarely focused on ensuring an aggressive "offense".

"We are capitalizing on the world-class, integrated portfolio we have built, and key catalysts we already have in place to accelerate near-term value growth. Execution of our strategy is top priority and we remain firmly committed to further strengthening our balance sheet, accelerating prioritized growth, and rewarding shareholders," he added.

The Dow CEO has responded decisively to the global economic slowdown with a restructuring plan aimed at delivering $1bn in cost and cash savings by 2013 and $1.75bn on a run-rate basis by 2014.

This will involve the shutdown of 29 plants and the elimination of around 8% of the workforce, as well as reductions in capital expenditures.

But importantly, its key expansions on the US Gulf Coast and Sadara in Saudi Arabia will remain on track.

The centerpiece in the US will be a world-scale 1.5m tonne/year ethane cracker at Freeport, Texas, to start up in 2017.

In the meantime, it is on track to restart its 380,000 tonne/year cracker in St. Charles, Louisiana, by the end of 2012 and building a propane dehydrogenation (PDH) plant with 750,000 tonnes/year of propylene capacity in Freeport for start-up in mid-2015.

Dow is also proceeding with the largest petrochemical project in the modern world - the Sadara joint venture with Aramco. The complex will include a worldscale cracker, along with capacity of 3m tonnes/year of polyurethanes, propylene glycol (PG), butyl glycol ethers, amines, polyethylene (PE), polyolefin elastomers and other products.

The first units are expected to be operational in the second half of 2015, with all units expected to be running by 2016.

Coming in at number two in the ICIS Top 40 Power Players ranking is Tom Crotty, CEO of Switzerland-based INEOS Olefins & Polymers, followed by Axel Heitmann, CEO of Germany's LANXESS.

Download the ICIS Top 40 Power Players on ICIS>> (registration required).

About ICIS Chemical Business:

ICIS Chemical Business is part of ICIS, the world's largest information provider for the chemical and energy industries. ICIS aims to help companies in global commodity markets improve their revenues and profits by providing high quality, timely, commercially useful information, business leads and brand positioning across the globe.

About 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 them to make better-informed trading and planning decisions.

With a global staff of more than 700, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. The team covers over 180 commodity markets, and has in-depth knowledge across markets in upstream and downstream.

For media inquiries, contact:
Joseph Chang
Global Editor
ICIS Chemical Business
T: +1-212-791-4224
[email protected]

SOURCE ICIS

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...