2014 ICIS Kavaler Award event honoring LyondellBasell CEO Jim Gallogly to take place in New York on September 30

NEW YORK and LONDON, July 9, 2014 /PRNewswire/ --

The ICIS Kavaler Award, sponsored by The Chemists' Club, and in association with The Valence Group in recognition for outstanding achievement as voted on by his peers, will be awarded to LyondellBasell CEO Jim Gallogly on September 30, 2014.

This unique global chemical industry award will be presented to Mr. Gallogly at a black tie dinner ceremony on Tuesday, September 30, 2014, at the Metropolitan Club of New York. The date has been revised from the previous date of September 16.

The distinguishing feature of this award is that the winner is selected by his/her peers - the senior executives selected in the ICIS Top 40 Power Players listing (http://www.icis.com/about/ICISTop40), a global ranking of the leaders making the greatest impact on the chemical industry.

"Few have capitalized on the US shale gas boom better than LyondellBasell. Led by Mr. Gallogly, the company has established and maintained a solid financial footing for many years to come," said Joseph Chang, global editor of ICIS Chemical Business.

"LyondellBasell has significantly boosted value by returning profits to shareholders though dividends and stock buybacks - all while making smart investments in key expansion projects that will raise cost advantaged capacity without massive capital outlays," he added.

"At LyondellBasell, we understand the importance of having a sound business strategy.  Striving to get the basics right is essential.  We call it 'Everyday Excellence.' It starts with operating our facilities safely and reliably. Nothing matters more. When you do this and apply a disciplined approach to costs and future investments, special things can happen," said Jim Gallogly, CEO of LyondellBasell.

"On behalf of all the employees at LyondellBasell, we thank ICIS and The Chemists' Club for this recognition. It honors the hard work of so many in transforming a recently bankrupt company into an industry leader," Gallogly added.

In the award selection process, ICIS and The Chemists' Club invited each of the ICIS Top 40 Power Players for 2013 to vote for three individuals in 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

To participate in the ICIS Kavaler Award event, please contact Noel Namuco at The Chemists' Club noel@chemistsclub.org, 347-501-0007, Bernard Petersen at ICIS bernard.petersen@icis.com 646-961-0708 or Stanley Sehested at LyondellBasell stanley.sehested@lyondellbasell.com, 713-309-0007.

BACKGROUND

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.

About ICIS

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, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo, Perth. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

Subscribe to ICIS Chemical Business at http://www.icis-subs.com.

About Reed Business Information

At Reed Business Information we provide 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 Reed Elsevier, a leading global provider of data, information and solutions for professional customers.

The Chemists' Club

Founded in 1898, the Chemists' Club's mission is both professional and social. As a nonprofit 501(c)3 educational organization, it provides networking opportunities for members to mix and meet with others who share interests in chemical, paper, pharmaceuticals, metals, biotech, and similar industries. The Club is also working to introduce local college students to the range of career opportunities available in the chemical industry today. Members include chemists, chemical industry management, formulators, security analysts, attorneys, educators, and other professions. For more information about the Chemists's Club, please go to http://www.thechemistsclub.com.

LyondellBasell
LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell (http://www.lyondellbasell.com) manufactures products at 55 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

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

Joseph Chang
Global Editor
ICIS Chemical Business
T: +1-212-791-4224
joseph.chang@icis.com

Roland Stefandl
President
The Chemists' Club
T: +1-201-888-0440
rstefandl@epolychem.com

Stan Sehested
LyondellBasell
+1-713-309-0007
stanley.sehested@lyondellbasell.com