Click here to close now.

SYS-CON MEDIA Authors: Jayaram Krishnaswamy, Elizabeth White, Carmen Gonzalez, Liz McMillan, Pat Romanski

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]

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
Modern Systems announced completion of a successful project with its new Rapid Program Modernization (eavRPMa"c) software. The eavRPMa"c technology architecturally transforms legacy applications, enabling faster feature development and reducing time-to-market for critical software updates. Working with Modern Systems, the University of California at Santa Barbara (UCSB) leveraged eavRPMa"c to transform its Student Information System from Software AG's Natural syntax to a modern application lev...
Public Cloud IaaS started it's life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in ado...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
Chef and Canonical announced a partnership to integrate and distribute Chef with Ubuntu. Canonical is integrating the Chef automation platform with Canonical's Machine-As-A-Service (MAAS), enabling users to automate the provisioning, configuration and deployment of bare metal compute resources in the data center. Canonical is packaging Chef 12 server in upcoming distributions of its Ubuntu open source operating system and will provide commercial support for Chef within its user base.
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company...
SYS-CON Events announced today that CenturyLink, Inc., a leader in the network services market, has been named “Platinum Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and ...
Docker, Inc., has been included in the list of "Cool Vendors" in the April 21, 2015 report by Gartner, Inc, Cool Vendors in DevOps, 2015. In the report, Gartner notes, “As virtualization and cloud applications grow beyond being single images run on premise to being comprised of multiple tiers that can be run and scaled in a hybrid cloud, new approaches are needed to reduce complexity.” “Docker has gained great traction within the developer community for how efficient it makes the individual de...
ProfitBricks, the provider of painless cloud infrastructure IaaS, today released its SDK for Ruby, written against the company's new RESTful API. The new SDK joins ProfitBricks' previously announced support for the popular multi-cloud open-source Fog project. This new Ruby SDK, which exposes advanced functionality to take advantage of ProfitBricks' simplicity and productivity, aligns with ProfitBricks' mission to provide a painless way to automate infrastructure in the cloud. Ruby is a genera...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
How is unified communications transforming the way businesses operate? In his session at WebRTC Summit, Arvind Rangarajan, Director of Product Marketing at BroadSoft, will discuss how to extend unified communications experience outside the enterprise through WebRTC. He will also review use cases across different industry verticals. Arvind Rangarajan is Director, Product Marketing at BroadSoft. He has over 19 years of experience in the telecommunications industry in various roles such as Softw...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
Many of the well-known examples of DevOps success we read in blogs on the Internet paint an idyllic picture of DevOps productivity. A team was facing a stodgy, slow-moving operations department, teams weren’t delivering software on time. Those teams moved to DevOps, became proactive about infrastructure and deployment automation, and an overnight transition to productivity ensues. People are promoted, projects are successful, and developers and system administrators dance hand-in-hand in a final...