Oil refining and petrochemicals giant Bazan ready to promote innovation in renewable energy
Bazan Group's innovation platform, Bnnovation, is meant to facilitate the company's expertise in the fields of energy, renewable energy and industry 4.0
Israeli oil refining and petrochemicals company Bazan Group, which is also the parent organization of Carmel Olefins, is hoping to leverage these findings in order to launch its new vision. Bnnovation is the name of Bazan Group's innovation platform that is meant to facilitate the company's expertise in the fields of energy, renewable energy and industry 4.0.
"These are sectors which we want to develop and we have set up professional teams to provide guidance and support for research and startups," said Einat Klein, Head of Innovation at BAZAN Group, during Calcalist's and ESIL Technologies’ Sustainability and Innovation Week event on Sunday. "As part of this project, we signed a partnership deal with H2pro which included an equity holding. The company has developed advanced technology to enable the wide-scale adoption of sustainable hydrogen fuel and we will soon announce the names of other companies from other sectors which were chosen to partake in the program."