to using natural gas (rather than mostly fuel oil) as their main power source, thus greatly reducing the amount of air pollution emanating from the complex. In 2012, the company also completed a hydrocracking unit. The switch to natural gas was expected to save the company US$200 million per year in fuel and other costs. In 2014 ORL acquired systems for treating hazards related to smells and treating emissions of volatile organic materials. In 2020, ORL published its first report for Corporate Responsibility since 2011, including its achievements in reducing benzene emissions and facilitating healthier environmental conditions. 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. 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. 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. See also Israel Corporation Gadiv Petrochemical Industries References External links Official site Oil and gas companies of Israel Companies listed on the Tel Aviv Stock Exchange 1958 establishments in Israel Companies based in Haifa Formerly government-owned companies of Israel