{{Short description|Oil refining and petrochemicals company located in Haifa Bay, Israel}} {{Infobox company | name = BAZAN Group | logo = Bazan Group Logo.jpg | logo_size = | image = בניין ההנהלה של קבוצת בזן.jpg | image_caption = The administration building | type = Public | traded_as = {{TASE|ORL}} | foundation = {{start date and age|1958}} | location_city = Haifa | location_country = Israel | key_people = Moshe Kaplinsky (Chairman)<br />Malachi Alper (CEO) | industry = Petrochemical industry | products = Petroleum products,<br />petrochemicals, oil refining | area_served = Middle East | revenue = {{increase}} US$13.520 billion <small>(''2015'')</small><ref>{{cite web|title=Oil Refineries Ltd.|url=http://www.tase.co.il/TASEEng/General/Company/companyDetails.htm?ShareId=02590248&CompanyID=000259&subDataType=0|publisher=Tel Aviv Stock Exchange|access-date=31 August 2011|year=2011|archive-date=29 March 2012|archive-url=https://web.archive.org/web/20120329032532/http://www.tase.co.il/TASEEng/General/Company/companyDetails.htm?ShareId=02590248&CompanyID=000259&subDataType=0|url-status=dead}}</ref> | operating_income = {{decrease}} US$562.52 million <small>(''2015'')</small> | net_income = {{decrease}} US$272.49 million <small>(''2015'')</small> | assets = {{increase}} US$4.470 billion (''2015'') | num_employees = 1,800 (''2015'') | subsid = Carmel Olefins Ltd. <br /> Gadiv Petrochemical Industries Ltd. | owners = Israel Corp. (33%)<br /> Israel Petrochemical Enterprises ltd (15.5%)<ref>{{Cite web|url=http://www.4-traders.com/OIL-REFINERIES-LTD-6499299/company/|title=OIL REFINERIES Ltd : Shareholders Board Members Managers and Company Profile | IL0025902482 | MarketScreener}}</ref> | homepage = {{url|www.bazan.co.il}} }} [[File:P1190737 - הלבניות בבתי הזקוק - תקריב. צולם בשקיעה.JPG|thumb|The iconic cooling towers of the Haifa oil refinery (before the collapse of one)]]
'''BAZAN Group''' (BAZAN, {{Langx|he|בז"ן – בתי זיקוק לנפט בע"מ}}), formerly Oil Refineries Ltd. (ORL), is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year with a Nelson complexity index of 9.<ref>{{cite web |title=About Bazan Group |url=https://eng.bazan.co.il/about |access-date=11 July 2022}}</ref> ORL provides a variety of products used in industrial operations, agriculture and transportation.<ref>{{Cite web|url=http://www.israelcorp.com/Holdings/bazangroup.aspx|title=BAZAN Group|website=www.israelcorp.com|access-date=2019-05-05|archive-date=2019-04-30|archive-url=https://web.archive.org/web/20190430103630/http://www.israelcorp.com/Holdings/BAZANGroup.aspx|url-status=dead}}</ref> ORL is Israel's largest integrated refining and petrochemical facility.<ref>{{Cite web|title=BAZAN Group|url=http://www.israelcorp.com/Holdings/BAZANGroup.aspx|website=www.israelcorp.com|access-date=2020-05-27|archive-date=2020-06-12|archive-url=https://web.archive.org/web/20200612223643/http://www.israelcorp.com/Holdings/BAZANGroup.aspx|url-status=dead}}</ref> The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region.<ref>{{Cite web|title=Company Overview|url=https://www.gadiv.com/page_36800|website=www.gadiv.com|access-date=2020-05-27}}</ref>
The company is traded in the Tel Aviv Stock Exchange under the symbol ORL. Until 2020, it was a component of the Tel Aviv 35 Index.<ref>{{Cite web |title= Top TASE index set for dramatic change in composition|url= https://en.globes.co.il/en/article-top-tase-index-set-for-dramatic-change-in-composition-1001333726|access-date=2025-06-17 |website= Globes|date= June 25, 2020 | first=Yair |last= Mendelson}}</ref>
==History== The company's beginnings date back to the British Mandate for Palestine when Consolidated Refineries Limited (CRL), a joint venture of Shell and the Anglo-Iranian Oil Company (now BP),<ref>{{Cite book|url=https://books.google.com/books?id=ZZh9DAAAQBAJ&pg=PR3 |title=Oil and the Arab-Israeli Conflict, 1948-1963|last=Bialer|first=Uri |publisher=Springer|year=1998|isbn=0230377742|pages=13}}</ref> started constructing a sprawling refinery complex which sat at the end of the British-built Mosul–Haifa oil pipeline which stretched from the oil fields near Kirkuk in then British-controlled Iraq.<ref>{{Cite web|url=https://www.aiche.org/resources/publications/cep/2015/october/israels-chemicals-industry-desert-dead-sea |title=Israel's Chemicals Industry: From the Desert to the Dead Sea|last=Semiat|first=Raphael |date=October 2015|website=aiche.org|access-date=5 May 2019}}</ref>
Construction of the first refinery unit started in 1938 and was carried out by the M. W. Kellogg Co. with assistance from Solel Boneh, with an annual capacity of two million tons of crude oil. Construction was completed in 1944, increasing the annual yield to four million tons of crude oil.<ref>{{Cite book|title=Oil refineries: 60 years of energy in 2000|last=Naor|first=Mordechai}}</ref>
During World War II, the complex supplied refined products to British and American forces operating in the Mediterranean and Middle East theatre, and was bombed many times during the early stage of the war<ref>{{Cite web|url=https://www.jpost.com/Features/In-Thespotlight/This-Week-in-History-Italy-bombs-Tel-Aviv |title=This Week in History: Italy bombs Tel Aviv - Features - Jerusalem Post|website=www.jpost.com|date=9 September 2011 |access-date=2019-05-05}}</ref> by Italy.<ref>{{Cite web|url=https://iht-retrospective.blogs.nytimes.com/2015/07/16/1940-rome-reports-bombing-haifa/ |title=1940: Rome Reports Bombing Haifa|date=2015-07-16|website=IHT Retrospective Blog|language=en-US|access-date=2019-05-05}}</ref> Damage to the refineries was quickly repaired.<ref>{{Cite news|url=https://www.haaretz.com/1.4806855 |archive-url=https://web.archive.org/web/20190505115521/https://www.haaretz.com/1.4806855 |url-status=dead |archive-date=May 5, 2019 |title=Ofer-Federman Group Wins Control of Haifa Oil Refineries|date=2007-02-20|work=Haaretz |access-date=2019-05-05|language=en}}</ref><ref>{{Cite journal|last=Arielli|first=Nir |title='Haifa is still Burning': Italian, German and French Air Raids on Palestine during the Second World War|url=https://www.academia.edu/533616 |journal=Middle Eastern Studies|year=2010|language=en |volume=46|issue=3|pages=331–347|doi=10.1080/00263200903068565 |s2cid=144057558|issn=0026-3206}}</ref>
On December 30, 1947, a group from the Irgun threw two bombs from a passing car into a crowd of Arab workers, killing 6 and injuring 42. In response, Arab workers rioted, beating 39 Jewish workers to death and wounding 49. The two events became known as the Haifa Oil Refinery massacre.<ref>{{cite web|url=http://britishpalestinepolice.org.uk/polhist47a.html |title=Massacres at Haifa Oil refinery and Balad al Sheikh}}</ref>
Due to concerns about the Arab League Boycott, the British Government sold CRL to the State of Israel in 1958 which then changed its name to Oil Refineries Ltd.<ref>{{Cite web|url=https://www.jewishvirtuallibrary.org/shell-and-british-pertoleum-close-down-distribution-in-israel |title=Shell and British Pertoleum Close Down Distribution in Israel|website=www.jewishvirtuallibrary.org|access-date=2019-05-05}}</ref><ref>{{Cite book|title=The Economy of Israel|last=Rubner|first=Alex |publisher=Praeger|year=1960|pages=29}}</ref><ref>{{Cite news|url=http://www.globes.co.il/news/בזן.tag |title=בזן|date=2014-01-19|newspaper=Globes|language=he|access-date=2019-05-05}}</ref>
Since rebranding, the complex has undergone significant expansion and upgrades. In the past, ORL also owned the Ashdod Oil Refinery in southern Israel and therefore as a company, it held a monopoly over oil refining in the country. This changed in 2006, when Israel's Government Companies Authority, headed by Eyal Gabbai started privatization processes.<ref>{{Cite news|url=https://www.haaretz.com/1.5352287 |archive-url=https://web.archive.org/web/20190505115517/https://www.haaretz.com/1.5352287 |url-status=dead |archive-date=May 5, 2019 |title=State Prepares to Privatize Oil Refineries|date=2003-07-29|work=Haaretz|access-date=2019-05-05|language=en}}</ref>
On August 1, 2006, the Ashdod facilities were sold to the Paz Oil Company for 3.5 billion ILS.<ref name="Paz Wins Ashdod Refinery Tender">{{Cite news|url=https://www.haaretz.com/1.4859665 |archive-url=https://web.archive.org/web/20180618011005/https://www.haaretz.com/1.4859665 |url-status=dead |archive-date=June 18, 2018 |title=Paz Wins Ashdod Refinery Tender|date=2006-08-01|work=Haaretz|access-date=2019-05-05|language=en}}</ref> In February 2007, 44% of the shares were sold to institutional investors.<ref>{{Cite news|url=https://uk.reuters.com/article/israel-oilrefineries-sale-idUKL1037599520070110 |archive-url= https://web.archive.org/web/20190505115517/https://uk.reuters.com/article/israel-oilrefineries-sale-idUKL1037599520070110 |url-status=dead|archive-date=May 5, 2019|title=Israel to sell Oil Refineries Haifa plant in Feb|date=2007-01-10|work=Reuters|access-date=2019-05-05|language=en}}</ref> Following this, 46% were sold to the Ofer-Federman group at 3.30 ILS per share,<ref>{{Cite news|url=https://www.haaretz.com/israel-news/business/1.4807137 |archive-url=https://web.archive.org/web/20190505115530/https://www.haaretz.com/israel-news/business/1.4807137 |url-status=dead |archive-date=May 5, 2019 |title=Ofer-Federman Has Lost 15% of Its Investment in Oil Refineries, on Paper|date=2007-02-21|work=Haaretz|access-date=2019-05-05|language=en}}</ref> with the remaining shares sold in an IPO on the Tel Aviv Stock Exchange in 2007.<ref name="Paz Wins Ashdod Refinery Tender"/><ref>{{Cite web|url=http://www.iene.eu/microsites/oil-refining-storage-retail-2017/articlefiles/SessionII/Maimon.pdf |title=The Israeli Refining & Petrochemicals Market Bazan Group|last=Maimon|first=Avner |date=March 2017|website=iene.eu|access-date=5 May 2019}}</ref> There were more than 5,500 requests to buy shares, an unprecedented number.<ref>{{Cite news|url=https://www.haaretz.com/1.4806948 |archive-url=https://web.archive.org/web/20190505115517/https://www.haaretz.com/1.4806948 |url-status=dead |archive-date=May 5, 2019 |title=Ofer-Federman Group Wins Control of Haifa Oil Refineries|date=2007-02-20|work=Haaretz|access-date=2019-05-05|language=en}}</ref>
left|thumb|The collapse of the eastern Bazan cooling tower, June 12, 2020 thumb|Haifa oil refinery after the collapse of the eastern cooling tower The company's iconic and historic cooling towers were removed from service in 2008. One of the towers was converted into a visitor center, which is open to the public for free, and include multi-sensory tours.<ref>{{cite web |url=https://guyshachar.com/en/2016/cooling-tower-rehabilitation-haifa-oil-refineries/ |title=The startling rehabilitation project of Haifa oil refineries cooling tower |website=Guy Shachar|date=2016-11-13 |access-date=2019-05-05}}</ref> On June 12, 2020, the eastern cooling tower unexpectedly collapsed.<ref>{{cite web |title=תיעוד: קריסת הסמל של בז"ן כפי שצולם במצלמות האבטחה |url=https://www.kan.org.il/Item/?itemId=72613 |access-date=2020-06-12 |website=כאן-תאגיד השידור הישראלי}}</ref><ref>{{cite news |title=Iconic Haifa oil refinery tower collapses |url=https://www.timesofisrael.com/iconic-haifa-oil-refinery-tower-collapses/ |access-date=2020-06-12 |website=The Times of Israel |language=en-US |issn=0040-7909}}</ref>
In 2009 the Bazan Group and Olefins companies merged and in 2010 Haifa Basic Oils was fully purchased by Bazan.<ref name=":0">{{Cite web|title=Oil Refining Storage and Retail|url=http://www.iene.eu/microsites/oil-refining-storage-retail-2017/articlefiles/SessionII/Maimon.pdf}}</ref> In 2012 Bazan commissioned UOP's Unicracking strategies in its plants for production of liquid petroleum gas, naphtha, and kerosene.<ref>{{Cite web|title=UOP Delivers Unicracking™ Technology Package and Helps Bazan Increase Profits by $38 Million Quarter-Over-Quarter |url=https://www.uop.com/uop-delivers-unicracking-technology-package-and-helps-bazan-increase-profits-by-38-million-quarter-over-quarter/ |website=www.uop.com|access-date=2020-05-27}}{{Dead link|date=May 2021 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
The facility was struck by two Iranian missiles on 16 June 2025, during the Twelve-Day War. The attack caused a complete shutdown of the facility and resulted in the death of three employees. Bazan Company also reported heavy damage to the refinery's facilities and announced its temporary closure in a statement. The statement stated that the fire had not been extinguished until the day after the attack.<ref>{{cite news|title=All facilities at Haifa oil refinery shut down after deadly Iran missile strike overnight|url=https://www.timesofisrael.com/liveblog_entry/bazan-says-all-facilities-at-haifa-oil-refinery-shut-down-after-iran-strike/ |date=June 16, 2025|website=The Times of Israel}}</ref> The facility was struck by an Iranian missile on 30 March 2026, during the Iran War, causing a smaller fire with no injuries.<ref>{{cite web |title=Missile hits fuel tanker |url=https://www.reuters.com/world/middle-east/missile-hits-fuel-tanker-israels-oil-refineries-2026-03-30/ |date=30 March 2026 }}</ref>
More than 70% of ORL's products are distributed locally (for private and public purposes) and the rest is exported.<ref>{{Cite web|title=BAZAN Group (Oil Refineries Ltd.) |url=https://www.devex.com/organizations/bazan-group-oil-refineries-ltd-145234 |website=Devex|access-date=2020-05-27}}</ref> The company is a direct employer of 1,500 workers and an additional 2,000 contractors; the majority of employees are residents of Haifa and the northern region of Israel.<ref>{{Cite news|date=2020-02-27|title=העוגן הכלכלי והתעסוקתי של הצפון|work=TheMarker|url=https://www.themarker.com/labels/industry/1.8594894 |access-date=2020-06-29}}</ref>
== Subsidiaries == thumb|A 2019 photo of engineers at the BAZAN Group facility in Haifa Carmel Olefins is Israel's sole manufacturer of petrochemical products that are used as raw materials for the plastics industry. Carmel manufactures standard and special grades of polypropylene (PP) as well as a broad range of low density polyethylene (LDPE) grades.<ref>{{Cite web|url=https://finder.startupnationcentral.org/company_page/carmel-olefins|title=Start-Up Nation Finder - Israeli innovation network|website=Start-Up Nation Finder|access-date=2019-05-13}}</ref>
Gadiv Petrochemicals, opened in 1974, manufactures and supplies a range of petrochemicals products including aromatic hydrocarbons, aliphatic solvents and intermediates for pharmaceutical, plastic, food and chemical industries.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=2862947|title=Company Overview of Gadiv Petrochemical Industries Ltd.|date=13 May 2019|website=www.bloomberg.com|access-date=2019-05-13}}</ref><ref>{{Cite web|url=https://www.haifaup.co.il/startup/gadiv-petrochemical-industries/|title=Gadiv Petrochemical Industries • HAIFA UP|website=HAIFA UP|language=en-US|access-date=2019-05-13|archive-date=2019-05-13|archive-url=https://web.archive.org/web/20190513073709/https://www.haifaup.co.il/startup/gadiv-petrochemical-industries/|url-status=dead}}</ref>
Haifa Basic Oils produces base oils and paraffin wax, exporting nearly 50% of its products to overseas companies.<ref name=":0" /><ref>{{Cite web|title=Israel's Chemicals Industry: From the Desert to the Dead Sea|url=https://www.aiche.org/resources/publications/cep/2015/october/israels-chemicals-industry-desert-dead-sea|date=2015-10-08|website=www.aiche.org|language=en|access-date=2020-05-27}}</ref>
== Partnerships and innovation == In 2018 Bazan launched BNNovation, an innovation initiative to grow small and larger companies in the fields of energy, renewable energy, and industry.<ref>{{Cite web|title=Bnnovation – Unique Path to Success by Bazan Group|url=http://www.bnnovation.co.il/|website=www.bnnovation.co.il|language=en|access-date=2020-05-27}}</ref><ref>{{Cite web|title=בזן זכתה במכרז להקמת מעבדה לחדשנות סביבתית|url=https://www.calcalist.co.il/local/articles/0,7340,L-3775924,00.html|last=גוטמן|first=ליאור|date=2019-12-16|website=כלכליסט - www.calcalist.co.il|access-date=2020-05-27}}</ref> In 2019, BNNovation was among the founders of ESIL Technologies, an international team operating a lab for cleantech innovation and environmental protection.<ref>{{Cite web|title=Israel To Establish $4M Innovation Lab In Haifa For Environmental Tech |url=https://nocamels.com/2019/12/israel-environmental-sustainability-innovation-lab-haifa/|date=2019-12-16|website=Nocamels|language=en-US|access-date=2020-05-27}}</ref><ref>{{Cite web|title=בזן זכתה במכרז להקמת מעבדת חדשנות סביבתית|url=https://www.bizportal.co.il/capitalmarket/news/article/773336|website=Bizportal|date=17 December 2019 |language=he|access-date=2020-05-27}}</ref> Also in 2019, Bazan won the tender to establish an environmental innovation lab in Haifa Bay together with the Israeli branch of EDF Renewables and Johnson Matthey.<ref>{{Cite web|last=גוטמן|first=ליאור|date=2019-12-16|title=בזן זכתה במכרז להקמת מעבדה לחדשנות סביבתית|url=https://www.calcalist.co.il/local/articles/0,7340,L-3775924,00.html|access-date=2020-06-11|website=כלכליסט - www.calcalist.co.il}}</ref>
Partners of the group include Haier Group Corporation<ref>{{Cite web|title=China's Haier Group Dips Toes in Israel's Petrochemical Sector|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3765309,00.html|last=Gutman|first=Lior|date=2019-06-30|website=CTECH|access-date=2020-05-27}}</ref><ref>{{Cite web|title=שת"פ בין בז"ן לענקית האלקטרוניקה הסינית האייר|url=https://www.colbonews.co.il/haifa-news/58830/|date=2019-07-02|website=כלבו – חיפה והקריות|language=he|access-date=2020-05-27}}</ref> and Leumi Partners.<ref>{{Cite web|url=https://leumipartners.com/portfolio/bazan-group/|website=leumipartners.com|access-date=2020-05-27}}</ref>
On November 16, 2020, Bazan signed a MOU with the Emirati energy company Mazrui International to import polymers that are not made in Israel.<ref>{{Cite web|title=Bazan signs MOU with UAE-based Mazrui to import polymers to Israel|url=https://www.worldnewsnetwork.net/news/bazan-signs-mou-with-uae-based-mazrui-to-import-polymers-to-israel202011161439150005//|access-date=2020-11-19|website=WNN|language=en|archive-date=2020-11-27|archive-url=https://web.archive.org/web/20201127132528/https://www.worldnewsnetwork.net/news/bazan-signs-mou-with-uae-based-mazrui-to-import-polymers-to-israel202011161439150005//|url-status=dead}}</ref> In November 2021, UBQ Materials signed with Bazan to provide climate-friendly thermoplastics for resin products.<ref>{{Cite web|title=Bazan Group Inks Deal with UBQ Materials to Incorporate Climate Positive Thermoplastic into Resin Product Lines|url=https://www.polymerupdate.com/news/Important/01Nov2021/1137852/bazan-group-inks-deal-with-ubq-materials-to-incorporate-climate-positive-thermoplastic-into-resin-product-lines|access-date=2021-11-03|website=Polymerupdate.com}}</ref> thumb|The burning torch of the oil refineries at Haifa, as seen from Givat Nesher
==Environmental impact== BAZAN Group's vast petrochemical plants have released significant amounts of pollution to the environment around Haifa Bay. The company has set goals to reduce air pollution,<ref>{{Cite web|url=https://mfa.gov.il/MFA/MFA-Archive/2002/Pages/Ministry%20of%20National%20Infrastructures.aspx#oil|title=Ministry of National Infrastructures|date=20 October 2002|website=mfa.gov.il|access-date=2019-05-21}}</ref> including investing over a billion dollars to develop environmentally-friendly systems.<ref>{{Cite web|url=https://www.calcalist.co.il/local/articles/0,7340,L-3741213,00.html|title=גם אם יקימו את בזן במדבר, תקום סביבנו התיישבות. התעשייה שלנו היא מגנט|last=ניר|first=דיאנה בחור|date=2018-06-29|website=כלכליסט - www.calcalist.co.il|access-date=2019-05-21}}</ref>
Starting in March 2011, after being connected to the new national natural gas distribution grid, the plants switched to using natural gas<ref>{{Cite news|url=https://www.ynetnews.com/articles/0,7340,L-4053265,00.html|title=Infrastructure Ministry approves natural gas to be flowed to Haifa refinery|date=2011-06-04|website=Ynetnews|language=en|access-date=2019-05-21}}</ref> (rather than mostly fuel oil) as their main power source, thus greatly reducing the amount of air pollution emanating from the complex.<ref>{{Cite web|url=http://www.israel21c.org/israels-energy-past-and-future/|title=Israel's Energy Past… and Future|last=Neiman|first=Rachel|website=Israel21c|date=6 September 2014|language=en-US|access-date=2019-05-21}}</ref> In 2012, the company also completed a hydrocracking unit.<ref>{{Cite web|url=https://www.icis.com/explore/resources/news/2009/06/08/9223273/oil-refineries-ltd-to-build-hydrocracking-unit-at-haifa|title=Oil Refineries Ltd to build hydrocracking unit at Haifa|website=Icis|language=en-US|access-date=2019-05-21}}</ref> The switch to natural gas was expected to save the company US$200 million per year in fuel and other costs.<ref>{{cite news|last=Bousso|first=Ron|title=Israel's gas bonanza ushers golden era for refiners|url=https://www.reuters.com/article/idUSL5N0CW24520130410|access-date=7 May 2013|date=10 April 2013|work=Reuters}}</ref>
In 2014 ORL acquired systems for treating hazards related to smells and treating emissions of volatile organic materials.<ref>{{Cite press release|title=BAZAN Group is publishing the results of its Financial Statements for the third quarter and first nine months of 2014|url=https://www.prnewswire.com/news-releases/bazan-group-is-publishing-the-results-of-its-financial-statements-for-the-third-quarter-and-first-nine-months-of-2014-283366261.html|website=PR Newswire|language=en|access-date=2020-05-27}}</ref>
In 2020, ORL published its first report for Corporate Responsibility since 2011, including its achievements in reducing benzene emissions and facilitating healthier environmental conditions.<ref>{{Cite web|title=Bazan Sustainability|url=https://www.bazan-sustainability.co.il/wp-content/uploads/2020/03/report_2-EN.pdf}}</ref>
In December 2020 BAZAN announced a $3.7 million project to create, compress and transport hydrogen with the ultimate goal of bringing hydrogen-fueled cars to Israel.<ref>{{cite news|last=Surkes|first=Sue|title=Bazan Group embarks on $3.7 million project to advance hydrogen-fueled vehicles|url=https://www.timesofisrael.com/bazan-group-embarks-on-3-7-million-project-to-advance-hydrogen-fueled-vehicles/|access-date=2020-12-30|website=The Times of Israel|language=en-US |issn=0040-7909}}</ref>
In April 2021, a government CEO committee assigned to resolve Haifa's decline, suggested a full closure of Bazan group's facilities within 10 years is required.<ref>{{Cite news|date=2021-04-27|title=Gov't c'ttee: Close Haifa petrochemicals plants within decade|language=en|work=Globes|url=https://en.globes.co.il/en/article-Govt-cttee-Close-Haifa-petrochemicals-plants-within-decade-1001368966|access-date=2021-06-25}}</ref>
In July 2021, Bazan presented plans to become the leading Israeli supplier of renewable energy and alternative fuels at a conference in Tel Aviv. The company announced it would make $1.5 billion in capital investments by 2030, and laid out a three-pronged strategy built in accordance with international ESG standards. The company announced a set objective of 15% green polymers by 2025 and 30% by 2030.<ref>{{Cite web|date=2021-07-22|title=בזן מציגה אסטרטגיה ירוקה חדשה בהשקעה של 1.5 מיליארד דולר {{!}} כלכליסט|url=https://www.calcalist.co.il/local_news/article/skwkjtu000|access-date=2021-08-25|website=calcalist|language=he}}</ref><ref>{{Cite news|last=כהן|first=עומרי|date=2021-07-22|title=קבוצת בזן תשקיע 400 מיליון דולר בפעילויות ירוקות|work=Globes|url=https://www.globes.co.il/news/article.aspx?did=1001379084|access-date=2021-08-25}}</ref>
==See also== *Israel Corporation *Gadiv Petrochemical Industries
==References== {{Reflist}}
==External links== {{Commons category|Haifa oil refineries}} *[http://www.orl.co.il Official site] {{Coord|32.7934|N|35.0519|E|display=title|name=Haifa Oil Refineries|region:IL}} {{TA 25 companies}} {{Authority control}}
Category:Oil and gas companies of Israel Category:Companies listed on the Tel Aviv Stock Exchange Category:Companies in the TA-35 Index Category:1958 establishments in Israel Category:Companies based in Haifa Category:Formerly government-owned companies of Israel