LONDON and NEW YORK, April 17, 2019 /PRNewswire/ -- The 2019 ICIS Kavaler Award, sponsored by The Chemists' Club and in association with The Valence Group, will be awarded to Bob Patel, CEO of LyondellBasell, for outstanding achievement, as voted on and recognised by his peers.
It will be the second consecutive year that Mr Patel has received the award, and the first instance of a repeat winner.
This prestigious and unique global chemicals industry award will be presented to Mr Patel at a black tie dinner ceremony on Thursday, September 19, 2019 in New York City.
The winner of the ICIS Kavaler Award is selected by his/her peers – the senior executives of the ICIS Top 40 Power Players listing – a global ranking of the leaders making the greatest positive impact on their companies and the chemicals industry, and published in ICIS Chemical Business magazine.
"It's very humbling to be recognised in this way by my peers, many of whom I look up to as giants within our industry," said Bob Patel, CEO of LyondellBasell.
"While I'm personally honoured, the people who really deserve the credit are the thousands of LyondellBasell employees who work hard each and every day to deliver for our customers and shareholders," he added.
In the award selection process, ICIS and The Chemists' Club invited each of the ICIS Top 40 Power Players in the 2018 ranking 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
"Bob Patel is at the forefront of the global chemical industry's flagship initiative to solve the problem of plastic waste in our environment and oceans. As a key leader in the multi-sector Alliance to End Plastic Waste (AEPW), Patel clearly has the support of his peers to find real solutions to address this threat," said Joseph Chang, global editor of ICIS Chemical Business.
"Patel has also positioned LyondellBasell for growth with a pipeline of major expansion projects on the US Gulf Coast as well as the acquisition of A. Schulman, all while maintaining a strong balance sheet," he added.
Previous winners of the ICIS Kavaler Award include LyondellBasell CEO Bob Patel (2018), BASF CEO Kurt Bock (2017), INEOS chairman Jim Ratcliffe (2016), former Dow Chemical CEO Andrew Liveris (2015), former LyondellBasell CEO Jim Gallogly (2014) and former PPG CEO Charles Bunch (2013).
For more information on the ICIS Kavaler Award, please contact Joseph Chang at ICIS at firstname.lastname@example.org, +1-212-791-4224 or Roland Stefandl at The Chemists' Club, RStefandl@epolychem.com, +1-201-888-0440.
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About The Chemists' Club
Founded in 1898, The Chemists' Club is a non-profit educational organisation whose membership is open to anyone with an interest in the chemical sciences, including chemists and chemical engineers, people in the life sciences, security analysts, attorneys, educators and consultants as well as students (dues free). The club is working with students to help them make informed career choices as well as to better prepare them for those careers. For more information about The Chemists' Club, please go to www.thechemistsclub.com
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2019, LyondellBasell was named to Fortune magazine's list of the "World's Most Admired Companies." More information about LyondellBasell can be found at www.LyondellBasell.com.
ICIS Chemical Business
Joseph Chang, Global Editor
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