Having acquitted himself well, he became general manager of corporate planning before taking on another challenging role at BP Chemicals in 1980.

Formal application would then be made to BP Chemicals.

BP Chemicals, meanwhile, saw a replacement cost loss of £7m against a profit of £129m in 1990.

BP Chemicals' objective for the future is to look at its cost base.

The company was spun-off from BP Chemicals in 1992.

Thanks to a pioneering development by BP Chemicals, the future looks much more promising.

BP Chemicals has announced a programme of cost cutting involving staff reductions.

This was shown BP Chemicals' losses in the third and fourth quarter of 1991.

In the face of continuing economic recession, 1992 proved to be a tough year for BP Chemicals.

BP Chemicals' replacement cost operating loss in 1992 was £2xxmillion, compared with a profit of £32 million the year before.