What is The Biggest Oil Refinery Company in Israel?
BAZAN Group, formerly known as Oil Refineries Ltd., stands as Israel’s largest and most complex oil refining and petrochemical company. Situated in the Haifa Bay area, BAZAN operates the country’s most extensive oil refinery, boasting a refining capacity of approximately 197,000 barrels per day.
Established in 1958, BAZAN has evolved into a pivotal entity within Israel’s energy sector. The company’s expansive infrastructure enables it to produce a diverse array of products, including transportation fuels, heating oil, and raw materials essential for the petrochemical industry. This extensive product range is instrumental in supporting various sectors such as transportation, agriculture, and manufacturing.
BAZAN’s prominence is further underscored by its substantial economic footprint. With annual revenues exceeding $13.5 billion and a workforce of over 1,800 employees, Bazan Group significantly contributes to Israel’s economy.
Subindusties of Bazan Group
In addition to its core refining operations, BAZAN Group encompasses several key subsidiaries:
- Carmel Olefins Ltd.: Israel’s sole manufacturer of petrochemical products used as raw materials for the plastics industry, producing various grades of polypropylene and low-density polyethene.
- Gadiv Petrochemical Industries Ltd.: Established in 1974, Gadiv manufactures and supplies a range of petrochemical products, including aromatic hydrocarbons and aliphatic solvents, serving industries such as pharmaceuticals, plastics, and chemicals.
- Haifa Basic Oils Ltd.: Specializes in producing base oils and paraffin wax, exporting nearly 50% of its products internationally.
BAZAN’s leadership in the industry is also marked by its commitment to sustainability and innovation. The company has invested significantly in environmentally friendly systems, including the transition to natural gas as its primary energy source in 2011, which substantially reduced air pollution from its operations. Furthermore, BAZAN is progressing with initiatives to produce polypropylene and polyethene from renewable feedstocks, reflecting its dedication to sustainable practices.
Future of Bazan Group
Bazan Group’s extensive refining capacity, diverse product portfolio, and commitment to sustainability solidify its position as Israel’s largest oil refinery company. Its operations are integral to the nation’s energy infrastructure and economic vitality, underscoring its pivotal role in meeting Israel’s energy and industrial needs.
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