The UK chemicals giant, which has 30 applications to drill at home, is running publicity tours on the Appalachian shale fields to boost the industry’s image

Red velvet curtains hung on the windows and painted cherubs played on the ceiling as Jim Ratcliffe accepted the 2016 ICIS Kavaler Award at the Metropolitan Club in New York last week.

The British billionaire is the first foreigner to be awarded the honour, given by leaders in the chemical industry. It comes as Ineos, the chemicals company he founded, plans to bring fracking – the controversial oil and gas extraction process – back to the UK.

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