BASF CEO Martin Brudermuller leads 2022 ICIS Top 40 Power Players

News provided by

Jan 11, 2022, 10:52 ET

LONDON and NEW YORK, Jan. 11, 2022 /PRNewswire/ -- BASF CEO Martin Brudermuller has been named #1 in the 2022 ICIS Top 40 Power Players, a global ranking of the leading CEOs and senior executives making the greatest positive impact on their companies and the chemicals industry.

"Brudermuller is not only aggressively decarbonising the world's largest chemicals company's vast operations, but also making significant investments in products such as battery materials to enable customers to cut their own carbon footprints," said Joseph Chang, global editor of ICIS Chemical Business.

Brudermuller was also the recipient of the ICIS CEO of the Year Award in 2021.

BASF is working to scale up two key decarbonisation technologies Brudermuller believes will be game changers by the second half of the decade - electric cracking and methane pyrolysis.

"BASF recent launch of its 'Net Zero Accelerator' unit to speed up projects on low-carbon dioxide (CO2) technologies, recycling and renewable energy to ensure it meets its CO2 emissions reduction target of 25% by 2030 en route to net zero by 2050 is a prime example of its commitment," Chang added.

The company is also rapidly building its capabilities in electric vehicle (EV) battery materials through projects and partnerships and advancing plastics recycling technologies through partnerships in its ChemCycling project.

In the ICIS Top 40 Power Players ranking for 2022, Dow CEO Jim Fitterling is #2, followed by INEOS chairman Jim Ratcliffe at #3, Covestro CEO Markus Steilemann at #4 and Clariant CEO Conrad Keijzer at #5.

The ICIS Top 40 Power Players were selected by the global ICIS editorial news team for demonstrating excellence and vision in one or more of the following areas: ESG (environmental, social, governance), Innovation, Mergers & Acquisitions/Portfolio Management, Projects, and Profitability/Shareholder Value.

"ESG and sustainability looms large in this year's Top 40 ranking, as this will clearly be a key component for future growth," said Chang."The chemicals industry is unique in that it can make the greatest impact on the environment in two key aspects - decarbonising its own operations and producing products that enable others to decarbonise and meet their own sustainability goals."

The ICIS Top 40 Power Players ranking in the 7 January issue of ICIS Chemical Business is available for download here.

About ICIS

ICIS is a trusted source of global commodity intelligence for the energy, chemical and fertilizer industry. We are a division of RELX, a FTSE 15 company with a market cap of £42.4billion and an employee base of over 30,000 experts across 40 countries.

At ICIS, we help businesses make strategic decisions, mitigate risk, improve productivity and capitalise on new opportunities. We make some of the world's most important markets more trusted and predictable by providing data services, thought leadership and decision tools. As a result of our unmatched global presence, we can deliver targeted connected intelligence to influence thousands of decisions across supply chains every single day. We shape the world by connecting markets to optimise the world's valuable resources.

With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

About RELX

RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £42.4bn, €50.8bn, $57.6bn.

SOURCE ICIS