Nobel Prize in Chemistry
The Nobel Prize in Chemistry (Swedish: Nobelpriset i kemi) is awarded once a year by the Royal Swedish Academy of Sciences.  It is one of the five Nobel Prizes established by the will of Alfred Nobel in 1895, awarded for outstanding contributions in physics, chemistry, literature, peace, and physiology or medicine since 1901.  This award is administered by the Nobel Foundation and widely regarded as the most prestigious award that a scientist in the various fields of chemistry can receive.  The first Nobel Prize in Chemistry was awarded in 1901 to Jacobus Henricus van 't Hoff, of the Netherlands, "for his discovery of the laws of chemical dynamics and osmotic pressure in solutions."  The award is presented in Stockholm at an annual ceremony on December 10, the anniversary of Nobel's death. In 2007 the Nobel Prize in Chemistry was awarded to Gerhard Ertl (of Germany) "for his studies of chemical processes on solid surfaces"; he was awarded the prize amount of 10,000,000 SEK (slightly more than 1 million, or US$1.4 million).

# Award ceremony
The committee and institution serving as the selection board for the prize typically announce the names of the laureates in October. The prize is then awarded at formal ceremonies held annually on December 10, the anniversary of Alfred Nobel's death.  "The highlight of the Nobel Prize Award Ceremony in Stockholm is when each Nobel Laureate steps forward to receive the prize from the hands of His Majesty the King of Sweden. ... Under the eyes of a watching world, the Nobel Laureate receives three things: a diploma, a medal and a document confirming the prize amount" ("What the Nobel Laureates Receive").  Later the Nobel Banquet is held in Stockholm City Hall.
A maximum of three laureates and two different works may be selected. The award can be given to a maximum of three recipients per year. It consists of a gold medal, a diploma, and a cash grant. The grant is currently approximately 10 million SEK, slightly more than 1 million (US$1.4 million).

# Nomination and selection
Compared with some other prizes, the Nobel Prize nomination and selection process is long and rigorous, a key reason why it has become the most important prize in chemistry.
The Nobel Laureates in chemistry are selected by a committee that consists of five members elected by The Royal Swedish Academy of Sciences. In its first stage, several thousand people are asked to nominate candidates. These names are scrutinized and discussed by experts until only the winners remain. This slow and thorough process, insisted upon by Alfred Nobel, is arguably what gives the prize its importance.
Forms, which amount to a personal and exclusive invitation, are sent to about three thousand selected individuals to invite them to submit nominations. The names of the nominees are never publicly announced, and neither are they told that they have been considered for the Prize. Nomination records are sealed for fifty years. In practice some nominees do become known. It is also common for publicists to make such a claim, founded or not.
The nominations are screened by committee, and a list is produced of approximately two hundred preliminary candidates. This list is forwarded to selected experts in the field. They remove all but approximately fifteen names. The committee submits a report with recommendations to the appropriate institution.
While posthumous nominations are not permitted, awards can occur if the individual died in the months between the nomination and the decision of the prize committee.
The award in chemistry require that the significance of achievements being recognized is "tested by time." In practice it means that the lag between the discovery and the award is typically on the order of 20 years and can be much longer. As a downside of this approach, not all scientists live long enough for their work to be recognized. Some important scientific discoveries are never considered for a Prize, as the discoverers may have died by the time the impact of their work is realized.

# List of Laureates
The following chart is assembled from the official list on the website of the Nobel Foundation ("All Nobel Laureates in Chemistry"). As of 2007, The Prize in Chemistry has been awarded to 150 individuals.