 Haifa Basic Oils produces base oils and paraffin wax, exporting nearly 50% of its products to overseas companies.In 2018 Bazan launched BNNovation, an innovation initiative to grow small and larger companies in the fields of energy, renewable energy, and industry.In 2019, BNNovation was among the founders of ESIL Technologies, an international team operating a lab for cleantech innovation and environmental protection.