Sector News

Brian Gilvary to chair new INEOS Energy Venture

December 20, 2020
Chemical Value Chain

INEOS has announced that it is to form a new INEOS Energy venture that will be chaired by former BP CFO, Brian Gilvary. This exciting new business will incorporate all of the existing INEOS Oil & Gas assets and will also enable INEOS to become a powerful force in the coming energy transition.

Brian Gilvary will be Executive Chairman of the new group bringing a wealth of experience to the role after a 34 year career in BP. He was recently awarded a lifetime achievement award by the Energy Council for his outstanding contribution to the industry.

Jim Ratcliffe, INEOS Chairman said, “We are delighted that someone of Brian’s calibre has agreed to join us to head up this exciting new venture at a time of significant transformation in the energy industry. We are determined that INEOS will be at the forefront of the industry and that Brian will provide the experience and leadership to achieve that aim”

INEOS announced today that it is forming a new group within the company to be titled INEOS Energy. This group will combine the existing INEOS Oil and Gas businesses with the extensive development activities that the company has in developing low carbon technologies for the coming energy transition.

INEOS Energy will be headed by Brian Gilvary as Executive Chairman. Brian joins INEOS after 34 years in BP where he was CFO from 2012 until his retirement in June 2020. During his time with BP, he held several senior financial and commercial roles, including member of the Board of TNK-BP , Chief Executive of BP’s commodity trading division and Commercial Director of the downstream division.

In addition to his new role in INEOS, Brian is currently a non-executive director of Barclays plc , Air Liquide S.A. and a Trustee of the Royal Navy Royal Marines Charity.

Commenting on his new role Brian said, “I am delighted to be asked to join INEOS and chair the new INEOS Energy venture at a time of tremendous change within our industry. I believe very strongly that the combination of the assets and technologies that INEOS owns, along with their drive and determination to get things done means the company can play a leading role in the coming energy transition. I look forward to working with the CEO and his team.”

by: Ineos, Press Release

Source: ineos.com

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?