EPCA ANNUAL REPORT 2012 Including members index THE EUROPEAN PETROCHEMICAL ASSOCIATION CONTENT ANNUAL REPORT 2012 EPCA strategy 4 Mission Statement 5 Report of the Board of Directors 6 Report to the Members on the Financial Statements 18 Independent Auditor’s Report 20 Balance Sheet 21 Statement of Income & Expenditure 22 Statement of Cash Flows 23 Notes to the Financial Statements 24 EPCA Organization as of April 2013 26 Board of Directors 28 Supply Chain Program Committee 30 Young EPCA Think Tank 31 EPCA Staff 32 EPCA Honorary Lists 34 List of EPCA Presidents 35 List of EPCA Vice-Presidents 36 List of EPCA Treasurers 37 List of EPCA Chairmen of the Logistics Committee 37 List of EPCA Chairmen of the Supply Chain Program Committee 38 List of EPCA Chair Persons of the Young EPCA Think Tank 38 List of EPCA Director/Secretary General 38 ME MBERS INDEX Our Members 40 Full Members as of April 2013 42 Associate Members as of April 2013 46 Members index per Company 81 Members index per name of the Official Representative (O.R.) 88 EPCA STRATEGY The purpose of the European Petrochemical Association - the organization of seminars, round table sessions, (EPCA) is to organize each year one or more reunions working groups, think tanks and such other activities in Europe which facilitate legitimate networking and as decided upon by the EPCA Board and organized for meetings between companies and open debate to the EPCA members and stakeholders. long term sustainable development of the petrochemical • A platform for communication, exchange of industry. Members are parties having a business interest in information, think tank, as well as transfer of or with the European petrochemical industry. learning between members and stakeholders. EPCA in this connection works on increasing its visibility To that effect EPCA offers and provides the logistics as well via the web, co-operation with the press, newsletters, as substance for: publications and other communication tools. • A quality platform to meet. This is implemented via : • A huge global network connecting members and - the EPCA Annual Meeting organized for EPCA members; stakeholders. 4 All EPCA activities are focused on delivering a message Through its activities, EPCA endeavors to contribute to the shared with the attendants of an EPCA reunion in the form improvement of the public image of the chemical industry of a presentation during a business session, expert advice but EPCA is not a lobby body nor involved in lobby in a workshop, publication, fi lm or other communication activities. Lobbying is explicitly excluded from the EPCA modes. statutes. EPCA is a service provider for its members, driven by EPCA and its members are committed to strict competition customer satisfaction. Company member representatives law compliance, not only to ensure that every EPCA participate in the Board, Supply Chain Program activity complies with the law, but also that there can Committee, think tanks and working groups in accordance be no misunderstanding about such activities. For with the EPCA statutes. example, EPCA is providing its members with a checklist for meetings (Do’s and Don’ts) reminding them of the In order to optimize resources and avoid overlap, EPCA importance of compliance with the competition law. co-ordinates its activities with Cefi c, APPE, Plastics Europe and other industry associations like AFPM, APLA, APIC and GPCA. MISSION Offer our members a unique global network and a platform in Europe to meet, communicate, and exchange information and transfer learning. Initiate, facilitate and promote ideas and projects that challenge “business as usual” approaches and that are of interest to the long term sustainable development of the petrochemical industry, its business partners and service providers. 5 REPORT OF THE BOARD OF DIRECTORS 6 Dear reader, SUPPLY CHAIN was also on EPCA’s agenda and three working groups, composed of producers, logistics service EXECUTIVE SUMMARY provider companies, consultants and academics started EPCA has a successful year behind it continuing to their activities in 2012 to deliver a fi nal report with their develop multiple initiatives that promote the long term fi ndings at the 47th Annual Meeting in 2013 in Berlin. All sustainable future of the chemical industry. three working groups are dedicated to building sustainable supply chains. One focuses in particular on how to Under the co-ordination of the Young EPCA Think Tank, deal with complexity and uncertainty, another looks at in EDUCATION EPCA expanded its partnership with the technology as an enabler of sustainable solutions and a UNESCO, European Schoolnet and inGenious, a platform third examines how collaborative models may contribute that brings together industries, ministries of education and to sustainability. To support the activities of these working national education organizations to develop best practices groups an EPCA Interactive Supply Chain workshop in school-industry collaboration. These partnerships was organized in Frankfurt on 14 and 15 May 2012. The allow us to promote the EPCA fi lm “Chemistry: All workshop looked at “Building Resilient Supply Chains : About You” and corresponding teachers’ guidelines in How to Implement Responsive and Flexible Supply Chains 12 European countries as well as in the global UNESCO for the Chemical Industry in a Pro-Competitive Way” school- and workshop network. The materials provide and was a follow-up of the 2011 Interactive Supply Chain teachers with the necessary tools to enthuse and motivate workshop dedicated to “21st Century Supply Chains for youngsters for Science education. Under the inGenious the Chemical Industry”. Vlerick Leuven Gent Management umbrella, EPCA in addition developed, together with School, A.T. Kearney and Booz & Company addressed APPE/Cefi c, Xperimania educational internet chats. The the audience as well as Mr. Lode Beckers, international fi rst of 4 online chats between industry representatives fi nancier and banker. and European schools took place on 25 October 2012 and used the EPCA fi lm to discuss topics such as plastics and The 46th ANNUAL MEETING in Budapest in October energy savings, energy effi ciency, chemistry and waste as 2012 focused on “Talent and Technology: Drivers of well as chemistry and food. The other chats will take place Innovation in the Chemical Industry”. The Meeting in 2013. enjoyed a record attendance of more than 2600 registered attendants. To address the skills gap EPCA made a second fi lm called “Science: where Can It Take You?” promoting World renowned speakers addressed the audience on STEM education (Science, Technology, Engineering and how to use and promote Talent and Technology to drive Mathematics). This fi lm shows that the chemical industry innovation in the chemical industry. Speakers included is a good industry to work for, allowing youngsters, EPCA President Tom Crotty, Dr. Ajit Baron Shetty, regardless of gender, to achieve an interesting career former Chairman of the Board, Janssen Pharmaceutica, whilst contributing to a more sustainable world. This fi lm former President Global Chemical Pharmaceutical will be launched at the 4th Xperimania internet chat on Operations and Corporate Vice-President Enterprise 29 May 2013 and will be distributed through the European Supply Chain, Johnson & Johnson; Soumitra Dutta, Schoolnet, inGenious, UNESCO and other networks, the Dean, Samuel Curtis Johnson Graduate School of EPCA website and social media. EPCA member companies Management Cornell University, Fellow of the World are invited to use this fi lm in their networks and with their Economic Forum and John Kao, Chairman, Institute business or educational connections. for Large Scale Innovation, past Chair of the World’s Economic Forum’s Global Advisory Council on Innovation. 7 Dr. Dambisa Moyo, Author and Economist, addressed members, with twelve representatives of petrochemical the audience on her views on “What is it Going to Take producers in Europe, one trader and three service to Be Successful” and during the Closing Lunch session, provider companies. Some changes occurred in the Board RT. Hon Lord Sebastian Coe, KBE, the Chair of the composition. Effective 1 January 2013, Jan Van den Bergh London Organizing Committee for the 2012 Olympic and from EVONIK INDUSTRIES has become the new EPCA Paralympic Games, talked about “Talent, Technology and President succeeding Tom Crotty of the INEOS GROUP Sports. What Business can Learn from the 2012 Olympics who held the post for the previous three years. Tom and Paralympics”. Crotty remains a member of the Executive Committee As usual, the business sessions and closing lunch were as one of three EPCA Vice-Presidents. Two new Board moderated by award-winning journalist Nadine Dereza. members have been appointed in replacement of previous representatives of their respective companies. Paul Booth A mixed group of producers and LSPs participated in a has replaced Huub Meessen as SABIC representative Supply Chain and Logistics Leaders Breakfast to and Juan Carlos Ruiz has become the new REPSOL discuss the EPCA Supply Chain recommendations over the representative in the Board in replacement of Jesús last ten years by reference to the Gartner Supply Chain Top Guinea. Tessenderlo Group resigned from the EPCA Board 25 report for 2012, amongst whom several key customers and Polish producer company PKN Orlen has joined the of the chemical industry are listed, but no chemical EPCA Board, represented by Piotr Chelminski. The Board producers. expresses its