Oil Refineries Ltd. (OILRF)

Overview

Oil Refineries Ltd., incorporated in 1959 and headquartered in Haifa, Israel, is a leader in the petrochemical industry, specializing in the production and sale of a wide range of fuel products, intermediate materials, and aromatic products both domestically and worldwide. With a former identity as Haifa Refineries Ltd. until its renaming in June 1972, the company operates through its two core segments: Refining and Polymers. In addition to its primary manufacturing activities, Oil Refineries Ltd. is engaged in the lease and management of tankers for the marine transportation of fuel products, along with trading and shipping operations, showcasing its versatile capabilities in the sector.

Products and Services

• Refining Segment:

  This segment focuses on the distillation and separation of crude oil and intermediate materials into a variety of end products and feedstock. These include light gases, liquefied petroleum gas (LPG), naphtha, gasoline, kerosene, diesel fuel, fuel oil, waxy substances, bitumen, and aromatic materials such as benzene, toluene, xylene, and paraxylene. Also, the production of hydrogen from natural gas falls under this segment's purview. The output serves fuel and gas marketing companies, along with manufacturers in the textile, paint, chemicals, and plastics industries, highlighting the segment's critical role in diverse industrial applications.

• Polymers Segment:

  Engaged in the manufacturing and marketing of polymers, this segment produces polypropylene and low-density polyethylene—key raw materials in the plastics industry. Furthermore, it handles the production of ethylene and propylene, which are used as feedstock for making various polymers, as well as the manufacture of recycled plastic. The polymers segment's contributions are pivotal for stakeholders in the plastics industry, ranging from product manufacturers to consumers seeking sustainable solutions.

• Marine Transportation and Trading and Shipping Activities:

  Oil Refineries Ltd. extends its operations to the marine sector by leasing and managing tankers for the transportation of fuel products across the seas. This service ensures the global reach of its refined products, enabling international trade and supply chain sustainability. Additionally, the company's involvement in trading and shipping activities complements its core manufacturing operations, facilitating the distribution of its products worldwide and ensuring a steady presence in global markets.