BAZAN Group Oil Refineries Ltd

As 2024 ended, Carmel Olefins, part of Bazan Group, dedicated the last week of the year to workplace safety. We opened our minds, learned from past incidents, and collaborated on ways to improve our safety culture on-site. This week provided us with valuable insights, the most important of which is this: Safety starts with me. As we step into 2025, we are committed to implementing the lessons learned and doing everything we can to ensure that we all return home safely to our families at the end of the day. Orit Barkhorder

 Resilience and Sustainability in 2025! As we enter the new year, Bazan Group continues to power Israel’s resilience while advancing our green strategy. We support the nation’s strength and progress toward a sustainable future by providing vital energy solutions and driving innovation . Here’s to another year of impactful achievements, resilience, and green innovation! Wishing you all a strong, sustainable, and successful 2025. #HappyNewYear #BazanGroup #Resilience #EnergyIndependence #Sustainability

Bazan Group Presents its 2023 ESG Report: A Combination of Innovation and Mutual Responsibility Over the past year, and particularly in response to the challenges posed by the war, Bazan has worked tirelessly to support communities, enhance environmental performance, and drive technological innovation. The 2023 ESG Report highlights Bazan Group’s notable achievements in the areas of environment, society, and corporate governance (ESG), as well as its ambitious goals for the future.  ▪️ Commitment to Community: Over NIS 30 million was allocated to support war victims and southern residents, including the adoption of Kibbutz Nachal Oz, which suffered severe damage during the October 7th attacks.  ▪️Emission and Waste Reduction: 84% reduction in benzene emissions since 2018, a 26% decrease in hazardous waste compared to last year, and 52% reduction since 2016. ▪️ Environmental Innovation: Launch of Israel’s first hydrogen fuel station, development of green diesel from used cooking oil, and projects promoting alternative and renewable energy sources. ▪️ Gender Diversity and Inclusion: Women now make up 40% of the Group’s senior management, alongside initiatives for integrating employees with disabilities and advancing gender diversity in the industry. ▪️ Economic Impact: In 2023, Bazan contributed approximately NIS 8.1 billion to Israel’s GDP and directly and indirectly employed around 15,800 individuals. Read the full report: https://lnkd.in/dcpdXRRB

This Hanukkah, as we light the candles, we reflect on the resilience and unity of Israel since the tragic events of October 7th.  Bazan Group remains committed to providing light and strength for the nation – from ensuring energy security with vital fuels and oils to supporting communities like Nahal Oz in rebuilding and healing.  In the spirit of Hanukkah, Bazan continues to innovate for a sustainable future, balancing business, community, and environmental responsibility. Together, we can light the way toward a brighter, shared future.  Wishing everyone a Hanukkah filled with hope, light, and purpose.  #Hanukkah2024 #LightOfHope #BazanGroup  

Unlocking the Power of Data Quality for Operational Excellence As a leader in recycled plastic production, Carmel Olefins is leveraging cutting-edge technologies to enhance operational efficiency and drive innovation. Partnering with APERIO, we’ve implemented their leading industrial data quality software, DataWise, to transform how we manage and utilize manufacturing process data. Gilad Landau, Head of the Polyolefins Maintenance Department at Carmel Olefins, shares: "The use of the APERIO system allowed our control and process engineers to obtain a quick snapshot of the status of the PI system and to centralize information about faults in various controllers and transmitters throughout the production facilities. By using the APERIO system, our engineers save their most important resource – time, allowing them to focus on more critical engineering tasks." Together with APERIO, we are driving continuous improvement and innovation. The next phase will include a wider APERIO deployment to further enhance efficiency, sustainability, and business growth. #DataQuality, #AdvancedAnalytics #DigitalTransformation #ProcessOptimization #ManufacturingExcellence #DataScience #AI #IIoT #Innovation

Building Bridges: BAZAN Group Supports the Restoration of Nahal Oz Community At the Jerusalem Post Miami Summit, Michal Magen, co-community manager of Kibbutz Nahal Oz, shared her community's powerful resilience journey. Despite the devastating losses of October 7, her vision remains clear: "We want to rebuild it into the best place in the world, we want to create a strong future for our families and new residents." The summit, gathering key influential Miami community leaders, culminated in a moving moment when Yaara Bank-Plotkin, JP Conference president, announced her commitment to visiting the restored kibbutz and invited Miami's Jewish community to join this meaningful journey. Rebuilding will be our response to October 7, showing that we will rise stronger, not just for ourselves, but for all of Israel. At BAZAN Group, we are honored to lead this strategic initiative alongside The Jerusalem Post team. Watch Yaara Bank-Plotkin's inspiring invitation to visit the restored Nahal Oz] #CommunitySupport #Resilience #NahalOz #BAZANGroup

Watch Bazan Group Chairman Moshe Kaplinsky discuss the industry's crucial role in the current situation. In his interview at the Globes Israel Business Conference, Kaplinsky shares key insights about business sector mobilization during wartime and emphasizes the importance of strategic decision-making for the economy. He notably states that "The strategy of closing Israel's refineries collapsed during the war" #IsraeliIndustry #StrategicAssets #IsraelEconomy #BazanGroup

Sometimes the most powerful stories of support during the darkest times come from those we stand beside. The Nahal Oz community's story, captured in the aftermath of October 7th, reflects the deep bonds formed when businesses truly step up to support their communities in times of crisis.

: Bazan Group Q3 2024 Financial Results: We’re pleased to share Bazan Group's strong financial performance for Q3 2024: 📊 *Key Highlights:*  - Adjusted consolidated EBITDA for the quarter: *USD 70 million*   - Average refining margin: *USD 8.9 per barrel*   - Adjusted consolidated EBITDA year-to-date: *USD 290 million*   - Cumulative net income year-to-date: *USD 95 million*   - Net loss for the quarter: *USD 15 million*  🔑 *From the CEO, Asaf Almagor:   "The Refining Segment continues to serve as a stable foundation for the Group’s results, while the Polymers Segment shows a positive trend of medium- and long-term improvement.  This quarter, despite challenges such as the declining Brent price and extensive refurbishment efforts, we maintained a cumulative net income of *USD 95 million* since the start of the year.  The capital market's trust in Bazan is evident in issuing a new debenture series, with final repayment scheduled for 2034—demonstrating institutional confidence in our long-term financial strength and critical role in Israel’s economy.  As we move forward, we remain committed to ensuring energy continuity and security for Israel, especially during these challenging times."  📌 *Moshe Kaplinsky, Chairman of Bazan Group, adds:*   "Israel is facing one of its most significant challenges. Amid ongoing national and economic difficulties, Bazan serves as a rock of stability, ensuring the uninterrupted energy supply crucial for the country’s resilience. Decision-makers must reassess their strategies regarding the energy sector, as the reliance on imports has proven unsustainable."  👉 Bazan remains a cornerstone of Israel’s energy security. We look forward to continuing to serve as a reliable partner for the country and our stakeholders.  #EnergySecurity #Q32024 #FinancialResults #Bazan

Energy Independence & Security: Strategic Priorities for 2025 Our CEO Assaf Almagor recently contributed to Strauss Strategy's comprehensive "2025 Business & Technology Compass" report, led by Avner Strauss. Here are key insights about the energy sector's future: The report highlights two critical challenges our industry faces: Maintaining energy independence while advancing sustainable solutions Balancing growing market demands with operational flexibility The report notes that energy security has become a strategic imperative, particularly given recent geopolitical developments. At Bazan Group, we're proud to be part of this important dialogue about Israel's energy future . Read the full report here: https://lp.smoove.io/1mt1