MOSCOW (MRC) -- BASF CEO Dr Martin Brudermuller has received the ICIS CEO of the Year Award at the virtual ICIS Power Players Awards event, said the company.
The ICIS CEO of the Year Award is unique in that the winner 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.
"The 2021 ICIS Power Players Awards brings together the best and brightest from across the globe to celebrate leadership shaping our industry at such an important time, and recognise individual achievement at the highest level," said Dean Curtis, CEO of ICIS.
"I accept this award with humbleness as it comes from my colleagues in the chemical industry who I highly appreciate. This makes the award very special for me, and it belongs entirely to the BASF team. We create chemistry for a sustainable future, and this truly is a team effort," said BASF CEO Martin Brudermuller at the event.
"I am proud that the BASF team is committed to reduce our carbon emissions quite fast and drastically. We can master these challenges as companies, but also as the chemical industry as a whole. And as leaders, we have the responsibility to make bold decisions and set the right path to a more sustainable future for all of us," he added.
ICIS also announced the winners of two new awards – Saori Dubourg, member of the board of executive directors at BASF, for the ICIS Sustainability Leader Award, and Conrad Keijzer, CEO of Clariant, for the ICIS Emerging Leader Award.
As per MRC, BASF has launched IrgaCycle a new range of additive solutions to address the imminent needs in plastics recycling. The plastics industry is seeking ways to incorporate higher content of recycled polymeric material in all major applications to meet sustainability goals, while facing growing consumer concerns and stricter regulatory requirements to reduce plastic waste. Hereby a major challenge is to mitigate quality deficiencies of polymers arising from thermal and mechanical stress during the recycling process.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
BASF's business structure comprises six main segments: chemicals, materials, industrial solutions, surface technologies, nutrition and care, agricultural solutions. At the end of 2020, BASF had sales of EUR59 bn. BASF shares are traded on the Frankfurt Stock Exchange (BAS), on the St. Petersburg Stock Exchange in Russia, and as an American Depositary Receipt (BASFY) in the United States. BASF has been operating in Russia since 1874, is represented in the rating of the 500 largest companies in the country in terms of revenue.
MRC