The 2007 ranking of the
Top 40 power players in the chemical industry is published today (Monday 3
December) in ICIS Chemical Business. The Top 40 listing includes industry
leaders, association heads, politicians and legislators. Full story:
Mohamed al-Mady, vice chairman and CEO of SABIC, has been named the
most influential person in global chemicals in the ICIS Top 40 Power
Players 2007. "China's Iron Lady", vice premier Wu Yi, is in at No 18,
while Venezuela's president Hugo Chavez and Iran's President Mahmoud
Ahmadinejad are among ICIS's "politicians to watch".
Al-Mady won the top slot with the $11.6bn acquisition of GE's plastics
business which boosts SABIC's turnover from a whopping $23bn to $30bn, and
takes the former commodity-oriented producer upmarket into engineering
polymers and squarely into the US market.
Close on Al-Mady's heels in second place in the ICIS Top 40 Power
Players list is Len Blavatnik, owner and chairman of Access Industries.
US-based Access Industries is building a global chemical empire with the
acquisition of Lyondell Chemical for $19bn. Blavatnik will merge European
polyolefins giant Basell, already owned by Access Industries, and US-based
Lyondell into one global company, called LyondellBasell Industries.
ICIS's third Power Player is 55-year-old former Hong Kong financial
secretary, Antony Leung, chairman of Blackstone Greater China and board
member of China National Bluestar. Leung was behind negotiations in the
Chinese government's $3bn investment in US private equity firm, Blackstone.
ICIS also highlights future Power Players - rising stars and people to
watch; politicians who've shaped our business for better or for worse; and
the consumer chiefs who ultimately dictate the chemical industry's
strategy, production and direction.
China's vice premier Wu Yi, well-known as China's top trouble-shooter,
has an impressive track record including negotiating China's way into the
World Trade Organization. She was again called on to lead a task force on
product quality after several toy recalls. China's deputy minister for the
state environment and protection administration (SEPA) weighs in at No 19
on the ICIS Top 40 Power Players list. Pan Yue has been the face for
China's environment watchdog in its crusade to clean up the country's
Iran's president Mahmoud Admadinejad is mentioned by ICIS as a
"politician to watch" because of his "dogged pursuance of a nuclear
development program". The chemicals media information group adds: "Despite
Iran's vast upstream resources, the political fall-out and harsher trade
sanctions threaten Iran's chemical thrust."
Venezuela's president Hugo Chavez also joins the ICIS Top 40 Power
Players list of "politicians to watch" because of his talk of
nationalization of petrochemical assets in a "petrochemical revolution" -
inspired, he says, by the Iranian model - and reportedly involving $20bn
investment in new plant build over the next five years.
ICIS editors worldwide ranked their Top 40 Power Players in order of
their industry influence through 2007. ICIS also asks:"Where are they now?"
These are the folks who have been displaced in what we've termed "unplanned
outages." ICIS also focuses on the Middle East, where it finds little known
but highly influential personalities in the chemicals sector in the ICIS
"Middle East people to watch" section of its Top 40 Power Players.