Bazan Group

The Bazan Group was established in 1923 and has since evolved to become one of Israel's largest and most prominent industrial firms. The company is publicly traded on the Tel Aviv Stock Exchange and serves both domestic and international markets.

In addition to its refining and petrochemical operations, the Bazan Group owns and manages a power plant and a desalination plant, solidifying its position as a prominent player in the Israeli energy sector. Bazan Group has received various environmental honors, including the coveted "Green Globe" award for sustainability in 2019.

Bazan Group has been investing in R&D in recent years in order to improve its refining processes and reduce its environmental impact. The company has developed technology to produce greener fuels and reduce emissions from its operations. The Bazan Group has invested in renewable energy sources such as solar power and biomass. The company is likewise committed to decreasing its carbon footprint and has set high targets for reducing greenhouse gas emissions from its operations.

Bazan Group has a proud revenue record as one of the largest manufacturing companies in Israel. Bazan Group reported consolidated EBITDA of $238 million and net income of $277 million in the third quarter of 2022. This was a rise from the previous quarter's consolidated EBITDA of $208 million and net income of $248 million. Bazan Group announced revenue of around $7.6 billion for fiscal year 2023. The company's improved performance was attributed to higher refining margins, increased demand for petroleum products, and lower operating expenses.

Founded: 1923

Headquarters: 4 Revad., Haifa, 3100001, Israel

Website: https://www.bazan.co.il/