Among the ICIS top 40 Power players of 2019, Amin Nasser leads. He has got put on the top slot among other CEOs who lead globally. The list also contains Senior executives. The list is among the ones creating a positive impact in and around the industry, therein.
Global editor ICIS Chemical Business, Joseph Chang, calls “Unprecedented” for project activity. This was actually related to the petrochemical project of Saudi Aramco. The progress is being said to give a reshape to the global landscape. It will be for many upcoming years.
Aramco is been said to be working on many technologies. This technology is for crude oil to the chemical. It will affect the improved competition with US shale gas-based crackers.
2 major and massive projects are being undertaken by Saudi Aramco. The 1st is with SABIC for the oil to chemicals or the COTC project in Yanbu. The 2nd is a joint venture with Amiral, France-based, for 1.5m tonnes per year cracker. If we look outside the kingdom, the PRefChem Joint venture is about to be complete.
This project was with the PETRONAS in Malaysia. With the end of this, there are plans of Aramco for China too. Therein it plans to have a Joint venture with NORINCO and the Panjin Sincen. This venture will be for refinery and cracker.
In Raigad, India, Aramco plans for a massive refinery and petrochemicals complex. This will get done along with the Indian oil companies together with ADNOC.
70% stake in SABIC was been planned by Aramco acquisition costing around $69bn. This deal is soon to get closed by 2020, 1st half. This will for sure bring in more petrochemical projects as per expectations.
The ranking made for ICIS top 40 Power Players are being made by the ICIS senior editorial staff. They select the same. As per such selection in list Dow CEO Jim Fitterling is 2nd. Jim is then followed herein by Bob Patel LyondellBasell CEO.
The ICIS Top 40 Power Players ranking gets based on selections. These selections are being made by the global ICIS senior editorial staff.