Bazan Group comprises of three industrial companies operating in Israel, primarily in the production of petroleum products, polymers used as raw materials in the plastics industry and aromatics compounds for the chemicals and petrochemicals industries.

New Strategy: Launching a Low-Carbon Economy

On July 2021 Bazan presented its three-pillar strategy. Bazan intends to evolve from a company producing refined petroleum products and polymers to a leading supplier of renewable energy for transport and of advanced polymers.

First pillar: green hydrogen and alternative fuels

Bazan will lead the green hydrogen market for transport and industry together with both local partners and global giants.

Second pillar: Advanced polymers

Bazan's main strategic objective in this field is to lead recycling of plastic, biopolymers and disposable polymers in Israel and to expand this activity within Western Europe, via its subsidiary in Holland, Ducor Petrochemicals.

Third pillar: Fuels and infrastructure

The fuel sector will be dominant with a forecast growth in demand, especially for diesel, in the coming decade and the next decade too. In this sector, the strategic objectives determined by Bazan are to continue to guarantee a varied product range in accordance with the changing market conditions, the integration of the latest production technology for carbon footprint reduction, while taking advantage of logistic infrastructure and advanced trading capabilities to ensure the continuity of the products on the local market.

Putting the ESG vision into practice

As part of this strategy, the Bazan Group is defining measurable strategic objectives in accordance with ESG principles for responsible investment (PRI). As part of the plan, an ecological footprint calculation will be made along with a climate risk evaluation, and Bazan will reduce its carbon footprint across all areas of its activity, based on the vision to be formulated and presented to the public.