BAZAN Group, formerly known as Oil Refineries Ltd., is Israel’s largest integrated refining and petrochemical company, operating the nation’s largest oil refinery in Haifa Bay. Established in 1958, BAZAN has evolved into a significant player in the Middle East’s petrochemical industry.
Bazan Group operations encompass oil refining and the production of petrochemical products. The company processes approximately 9.8 million tons of crude oil annually, producing a diverse range of products, including petroleum fuels, lubricants, and various petrochemicals. These products serve multiple sectors, such as industrial operations, agriculture, and transportation.
Subsidiaries and Products of Bazan Group
Bazan Group comprises several subsidiaries, each specializing in specific areas:
- Carmel Olefins Ltd.: The sole manufacturer of petrochemical products in Israel, producing standard and special grades of polypropylene (PP) and a broad range of low-density polyethene (LDPE) grades.
- Gadiv Petrochemical Industries Ltd.: Established in 1974, Gadiv manufactures and supplies a variety of petrochemical products, including aromatic hydrocarbons, aliphatic solvents, and intermediates for industries such as pharmaceuticals, plastics, food, and chemicals.
- Haifa Basic Oils: Produces base oils and paraffin wax, exporting nearly 50% of its products to international markets.
Environmental Initiatives
Recognizing the environmental impact of its operations, BAZAN has undertaken significant measures to reduce pollution and enhance sustainability:
Transition to Natural Gas: In March 2011, BAZAN connected to Israel’s national natural gas distribution grid, enabling a shift from fuel oil to natural gas as the primary energy source. This transition has substantially decreased air pollution and is projected to save the company approximately $200 million annually in fuel and related costs.
Hydrocracking Unit: In 2012, BAZAN commissioned a hydrocracking unit, further enhancing its refining capabilities and environmental performance.
Emission Reduction Projects: In December 2020, BAZAN announced a $3.7 million project to develop, compress, and transport hydrogen, aiming to introduce hydrogen-fueled vehicles to Israel.
Community Engagement
BAZAN is committed to corporate social responsibility, particularly in times of national crisis. In October 2023, during a period of conflict, the company allocated NIS 1.5 million to support civilians affected by the war. This aid focused on mental health services, housing solutions, and support for evacuees. Subsequently, BAZAN increased its assistance budget to NIS 30 million, collaborating with organizations like NATAL and ERAN to provide psychological support, and partnering with the Isrotel hotel chain to host residents from conflict zones.