Israel's Carmel Olefins Commissions New PP Facilities
Israel's Oil Refineries deal for Carmel Olefins control delayed
Israel Chemicals and Taizhou Bailly Form JV in China
Israel's Haifa refinery valued at $1.3-1.8 billion for IPO
Israel's Carmel Olefins signs MOU to buy Europe petchem company
Israel's Carmel Olefins Acquires 49% of Netherland-Based Domo Polypropylene
Israel's Carmel Olefins to double polypropylene production
Israel's Carmel Olefins is planning to invest $232-mil over the next two years to double its polypropylene production at Haifa from 200,000mt to around 400,000mt, the company announced Jan 26.
Israel's Carmel to raise $150-mil to fund PP expansion: sources
The company is planning to expand polypropylene production from 205,000 mt/yr to 405,000 mt/yr. The total cost of the expansion was put at $310-mil, sources said. The remainder of the funds would come from bank financing.
Carmel is jointly owned by Oil Refineries Ltd and Israel Petrochemical Enterprises Ltd. It reported a net profit of $24-mil on revenues to $122-mil in the first quarter of 2005.
2004/3/1 MOF of Israel
The Ministerial Committee for Privatization Has Approved the Engagement Between Oil Refineries, Petrochemical Enterprises and Carmel Olefins
The engagement agreement includes a $250 million investment plan in Carmel Olefins that will result in 1000 new jobs.
The Ministerial Committee for Privatization approved yesterday, 29.02.04, through a telephone survey and by an overwhelming majority, the engagement between Oil Refineries, Petrochemical Enterprises Ltd. and Carmel Olefins Ltd. Carmel Olefins is jointly held by Oil Refineries (50%) and by Petrochemical Enterprises (50%).
This agreement constitutes one of the largest investments in infrastructure to have been made in Israel and has been realized thanks to the initiative and cooperation of Minister of Infrastructure Joseph Paritzky and Minister of Finance, Benjamin Netanyahu.
The engagement agreement includes a $250 million investment plan in Carmel Olefins. This investment will be carried out over the next two and a half years and will result in the doubling of the company's output capacity and in the creation of 1,000 new jobs, due to the company's expansion. The doubling of the output is also expected to generate additional sales of $200 million, at least half of which is intended for export.
David Federman, Chairman of Carmel Olefins, thanked all the parties involved and stated that the agreement was rendered possible thanks to the cooperation between the various directors at Carmel Olefins and at Oil Refineries, as well as the Government Corporations Authority and elements at the Ministry of Finance and the Ministry of Infrastructure.
Federman added that: "This investment is one of the most serious and significant investments to have been made in infrastructures in the past several years and serves to strengthen and deepen the vote of confidence of the shareholders in the company, along with its ability to compete in global markets. The investment will also benefit Electrochemical Enterprises."
Minister of Finance Benjamin Netanyahu, stated that: "This investment of a quarter billion dollars, constitutes a vote of confidence in the economy and a significant addition of jobs. This is an important portend of additional investments."
The Government needed to approve the engagement agreement pursuant to the Government Companies Law, Section 11(a)9(a), stating that: "The decisions of a government-owned company in these matters require the approval of the government: Any right granted by a company or any liability assumed by a company, that may serve to limit the government - either directly or indirectly - be it in its ruling authority or in its capacity as a shareholder of the company, including in matters related to structural changes and privatization, the promotion of competition and the regulation of the sector wherein the company operates".
During the next 18 months, Carmel Olefins will complete an investment of $250 million, consisting of:
the building of a new polypropylene unit, with the capacity of 205,000 metric tons per annum;
a new Olefins Conversion Unit (OCT エチレンとブテン類をプロピレンに転換する設備), with a capacity of 150,000 metric ton of propylene per annum;
and an expansion of the steam cracker, to 240,000 metric ton ethylene per annum.
After completion, this new investment will bring the company's polypropylene manufacturing capacity to a total of 405,000 metric ton per annum.
A major part of this additional polypropylene capacity is earmarked for consumption by the local plastics industry, while the balance will be exported to Europe.
Israel's Carmel increases PP expansion investment to $315/mil
Israel's Carmel Olefins has approved an additional investment in the expansion of Carmel Olefins' polypropylene plant, company sources have reported. The investment has been upped from the original $245-mil, to $315-mil. The existing plant will more than double polypropylene production from 200,000 mt/yr to 450,000 mt/yr. The increased investment surpassed the initial expansion plan, which called for production to increase to 400,000 mt/yr.
Carmel Olefins Commissions New Facilities
Oil Refineries Ltd., Israel's largest oil refiner, announces that, following notice received from Carmel Olefins Ltd. (50% owned by the Company), the management of COL notified its Board of Directors that it has completed the erection and commissioning of new facilities, as part of the Expansion Project.
According to COL''s notice, following the commissioning of the new facilities, COL''s polypropylene production capacity is expected to increase from about 200 thousand tons per annum to about 450 thousand tons per annum.
About Oil Refineries Ltd.
Oil Refineries Ltd. (ORL), located in the bay area of the city of Haifa, is Israel's largest oil refinery. ORL operates sophisticated and state-of-the-art industrial facilities with refining capacity of 9 million tons of crude oil per year, with a Nelson complexity index of 7.4, providing a variety of quality products used in industrial operation, transportation, private consumption, agriculture and infrastructure. The company is also active in the area of Aromatics and Polymers through wholly-owned Gadiv Petrochemical Industries Ltd. and 50% owned Carmel Olefins Ltd.
Jul 18, 2006 (Globes - Knight Ridder/Tribune Business News via COMTEX)
Petrochemicals Enterprises shuts Carmel Olefins plant
Israel Petrochemical Enterprises Ltd. last night announced that it was shutting the plant of Carmel Olefins Ltd., which makes polymers for the plastics industry, because of the fighting in the north. The plant is located in the Haifa Bay area, which has been subject to Katyusha rocket fire from Hizbullah in Lebanon. Petrochemical Enterprises owns 50 percent of Carmel Olefins. Oil Refineries Ltd., which owns the other half of the company, has also greatly reduced production at its Haifa refinery since the fighting began.
Israel's 130,000 Haifa refinery cuts rates after rocket attacks
Israel has cut refining rates at the 130,000 b/d refinery in Haifa and is operating the refinery and petrochemical plants in the northern port city in an emergency status after Lebanese Shi'ite Hezbollah militia rocket attacks, Israeli National Infrastructure Ministry sources said Sunday.
The Israel Petrochemical Enterprises has also reduced its inventories and lowered production to a minimum. IPE and Oil Refineries jointly own and operate Carmel Olefins, Israel's sole producer of polyethylene, ethylene and polypropylene.
The Israel Ports Authority also ordered the closure of Haifa port to all ships carrying hazardous materials were instructed not to enter the port.
Carmel Olefins 追加情報
Carmel Olefins Ltd. is Israel's largest producer of polymers and the sole producer of polyolefins.
The Company manufactures and sells:
・Low-Density Polyethylene under the registered trade mark IPETHENE
・Polypropylene under the registered trade mark CAPILENE
・Various technical Compounds
These product lines are marketed both in Israel and abroad.
Ipethene® is the registered trade name of a large variety of Low-Density Polyethylene grades produced since 1963 and used for the production of films for agriculture and packaging, irrigation pipes and for various injection and blow moulded articles.
Capilene® is the registered trade name of Polypropylene homopolymers, impact and random copolymers, produced since 1993 and used for production of garden furniture, cabinets, lockers, storage systems, toys, toolboxes, household articles, packaging, transparent films, fibers, fabrics - woven and non woven, and many others.
CarmelTechTM is the trade name of PP-R compounds produced since 1998, for sanitary pipes and fittings.
CarmelStatTM is the trade name of a series of electrostatic dissipative (ESD) compounds produced since 1996, for reusable packaging boxes, shipping containers, material handling bins and partitions and chip trays that are widely used throughout many industries including the hardware and automotive industries.
Enterprises Ltd. (IPE)
Petrochemical Enterprises Ltd. (IPE) is a public holding company with
investments in the Israeli economy. IPE's main shareholdings are
Carmel Olefins (50%), Israel's largest petrochemical enterprise,
and investments in natural gas exploration in the territorial
waters off the coast of Israel. The company'sshares have been
traded on the Tel Aviv Stock Exchange since 1978.
COL is a leading manufacturer of ethylene, polyethylene and polypropylene, the main raw materials used in the plastics industry. COL is the predominant supplier of raw materials to Israel's highly developed plastics processing industry, whose turnover is assessed at about $2.3 billion per annum. In addition, COL exports its products to more than 20 countries in Europe, the Middle East and Africa. Headquartered in Haifa, the company's state-of-the-art facilities have a current annual capacity of 185,000 tons of ethylene, 165,000 tons of low-density polyethylene and 185,000 tons of polypropylene.
Dor Chemicals 詳細
株主：Dankner Group → Inter Holdings 1 Ltd
30 years of experience
methanol, MTBE, pure hydrogen, formaldehyde and paraformaldehyde,
disinfectant formulations for agricultural use.
The Treofan Group ：Flexible Film (OPP) Division
製品：OPP films (oriented polypropylene), CPP (cast polypropylene)
BO-PLA films (biaxial oriented biodegradable polylactic acid)
Trespaphan (Germany), Moplefan (Italy), Shorko (Australia)を統合
Bain Capital 49%
ＯＰＰ Market share：
|Dor Chemicals Group http://www.dorchemicals.com/|
|・||Public company, traded on the Tel-Aviv stock Exchange|
|・||The company is composed of two main operational divisions|
|・||The Chemical Division produces and distributes intermediate materials includes methanol, MTBE, formaldehyde, ultra-pure hydrogen and FORDOR disinfectant formulations for agricultural use|
|・||The Plastic Division includes Dor Film Israel, The company production facility capable of producing the full range of PP films. Its capacity is 15,000 tons p/a of Bopp(Biaxially Oriented Polypropylene). http://www.dorfilm.com/|
|・||Teleparking System - Parking Management System with wireless communication|
|・||Natural Gas Exploration with British Gas partnership and others|
Israel's Dankner family sells $30-mil stake in Dor Chemicals
Israel's Dankner family has sold its majority stake in Dor Chemicals to Inter Holdings 1 Ltd for $30-mil, according to a joint statement. Dor has faced financial difficulties following an ambitious expansion plan abroad.
Dor was forced to reach an agreement with creditor banks last year whereby the control in its German based Treofan Group subsidiary was transferred to creditor banks headed by Goldman Sachs. The German subsidiary is a leading global producer of BOPP.
Israeli government shuts down
hazardous PVC producer indefinitely
Israel's Environmental Affairs ministry has decreed that the 130,000 mt/yr Electrochemical Industries PVC plant in the Acre industrial zone north of Haifa will remain closed indefinitely.
ELECTROCHEMICAL INDUSTRIES (1952) LTD.
Southern Industrial Zone Acco
24122 Acco 24122 ISRAEL
The Company's principal activities are manufacturing and marketing of both organic (PVC, EDC and VCM) and inorganic (mainly chlorine, caustic soda and caustic potash) products. The Company is the sole PVC supplier in Israel. Its shares are traded on the Tel Aviv and the American stock exchanges. PVC products and chemicals accounted for 84% of 2001 revenues and downstream products, 16%.
Israel's Haifa refinery valued at $1.3-1.8 billion for IPO
The value of the Oil Refineries Haifa has been estimated at $1.3 to $1.8 billion by two independent consulting firms, Israeli government sources said Monday.
The valuations were conducted for the Government Companies Authority in advance of the planned February 15 privatization of the country's largest oil refinery.
The two Israeli consulting firms both put the value of the Oil Refineries' petrochemical stakes in Carmel Olefins and Gadiv Petrochemical Industries at $500 million. The Oil Refineries Haifa has a 50% stake in Carmel and 100% of Gadiv.
The value of the refinery is double that of the Ashdod refinery, which was sold for $743 million in July to Israel's Paz Fuel. The Haifa refinery has a capacity of 8 million mt/year (160,000 b/d), while the Ashdod refinery has a 5 million mt/year capacity.
Israel's Government Companies Authority is planning to sell up to 40% of its stake in the company to local and foreign institutional investors, which will be followed by a public offering on the Tel Aviv Stock Exchange. The offering is expected to be among the largest ever on the local stock market.
Glencore joins race for controlling stake in Haifa refinery
crude trader Glencore
has joined Israel Petrochemical Enterprises and Israel's Mivtach Shamir
bid for the Oil Refineries Haifa, according to Israeli financial
sources. The three groups will bid for control of Israel's
largest refinery through ScailexCorp.
Under the terms of the agreement Glencorea and Mivtach Shamir will each hold 20% of Scailex and IPE a 60% stake. The three groups that make up Scailex have agreed to try buy a controlling stake in the Oil Refineries Haifa when the government privatizes the company later this month.
Israel's Government Companies Authority is planning on selling 40% of the company to institutional investors and pension funds and then will sell the remainder in an offering on the Tel Aviv stock market. Several other Israeli and foreign consortia are planning to bid for control of the 170,000 b/d refinery.
The Haifa refinery also owns a 50% stake in Carmel Olefins, Israel's largest petrochemical producer and a 100% stake in Gadiv Petrochemical Industries.
Oil Refineries Haifa
Originally established in Haifa Bay by Great Britain in the mid-thirties, Consolidated Refineries Ltd. served the needs of the British naval and military bases in the Eastern Mediterranean.
The company supplied oil to the British Navy during World War II and finally closed down in the ensuing violence which followed the 1947 UN vote to establish the state of Israel. The plants resumed operation in July 1948 and played a vital role in helping the war effort of the new independent state.
The Israeli Government acquired CRL in 1959. When the Ashdod Refinery was built in 1972, the Israel Corporation acquired 26% of the shares and the Company was renamed Oil Refineries Ltd. (ORL). In February 2006 the government acquired Israel Corporation's shares (26%) which made it a 100% share owner of the Oil Refineries Ltd. On September 28th, 2006 after tender, the government sold the Ashdod refinery to Paz Ltd.
The Haifa refinery, located in the bay area of the city of Haifa, is situated on an area of 421 acres. Using its sophisticated and state-of-the-art industrial facilities, ORL is capable of refining 9 million tons of crude oil per year, and provide a variety of products used in industrial operation, transportation, the defense establishment and private consumption.
Gadiv Petrochemical Industries Ltd. is one of the largest petrochemical companies in Israel, manufacturing annually over half a million tons of a range of petrochemical products and industrial chemicals. Gadiv produces aromatics, aliphatic solvents and intermediates, used as raw materials in the plastic, food, pharmaceutical and chemical industry.
Over 95% of Gadiv's products are exported to customers in over 30 countries, via a global network of agents in Europe, USA and the Far-East. Gadiv was established in 1974 to supply the Plastics and Chemical markets in Israel, neighboring countries and the Mediterranean area.
Benzene、Toluene、Solvent Xylene、Orthoxylene、Paraxylene、Virgin Xylene、Solvent Naphtha-100 (Solgad 100©)、
Solvent Naphtha Heavy (Solgad 150©)、Solvent Naphtha-200 (Solgad 200©)、Ultra Low Naphthalene (ULN 150©)、
Ultra Low Naphthalene (ULN 200©)
Phthalic Anhydride、Fumaric Acid、Succinic Acid、Di-Sodium Succinate
Israel's Carmel Olefins signs MOU to buy Europe petchem company
Israel's Carmel Olefins said Monday it has signed a memorandum of understanding with a European company to acquire a 49% stake in a Europe-based petrochemical company for Eur20 million, plus an annual payment of Eur1 million for five years, beginning in 2013.
Carmel Olefins did not disclose the names of either European company, nor provide any further details about the proposed deal.
January 24, 2008
Oil Refineries Subsidiary Carmel Olefins Acquires 49% of Netherland-Based Domo Polypropylene
Oil Refineries Ltd.("ORL"), Israel's largest oil refiner, announced today that a wholly owned foreign subsidiary of Carmel Olefins Ltd. (a private company in which ORL holds 50%, hereinafter: "COL") signed an agreement to acquire 49% of the outstanding share capital of Domo Polypropylene BV (hereinafter: "Domo").
Domo, incorporated in the Netherlands, is active in the manufacturing and marketing of Polypropylene, which serves as a raw material in the plastics industry for a variety of uses and products. Domo owns one Polypropylene manufacturing facility, located in the Netherlands with manufacturing capacity of 180,000 ton Polypropylene per annum.
Chemical Market Reporter, May, 2001
Carpet Maker Domo Buys Basell PP Plant in Back-Integration Move.(polypropylene plant in the Netherlands)(Brief Article)
DOMO, THE BELGIAN carpet manufacturer and chemicals producer, is taking over Basell's 180,000-metric-ton-a-year polypropylene plant at Rozenburg, the Netherlands. The move is designed to open up new business opportunities through vertical integration. Around a third of the plant's output will be for captive use by Domo, which in addition to making soft floorings produces fibers and yarns.
DOMO® CHEMICALS is a competitive and dynamic player in the field of nylon, nylon intermediates and polypropylene, and is active in growing market segments within the plastics market. Through focused investments in product innovation, customer relations, continuous improvement of technological and technical standards, and an active search for new business opportunities, DOMO® CHEMICALS guarantees a long-term profitable growth in line with a prioritized environment, safety and health policy.
DOMO® INDUSTRIES is a reputable manufacturer of high-quality carpet yarns and staple fibres, technical textiles for a wide range of applications, and modern floor covering and artificial grass for both the residential and contract markets. Highly original innovations allow us to consistently meet our customers' needs.
DOMO® REAL ESTATE has a substantial real estate portfolio (residential, commercial, industrial and offices). Besides optimizing the existing portfolio, the mission of DOMO® REAL ESTATE is to make new investments with a view to fulfilling our customers' needs. DOMO® REAL ESTATE specializes in activities, such as deal structuring, transactional advice, renewable energy, infrastructure and logistic services.
The Belgian DOMO Group a leading European carpet and floor covering manufacturer took over the caprolactam production facilities of the former Leuna Works in 1994. The acquisition of this plant was a first step towards implementing a long-term strategy of widened integration.
Following the takeover, DOMO invested the equivalent of approximately 400 million Euros in the Leuna site over the period up to 1998, for modernization and expansion of the existing equipment as well as for the erection of a new plant for the polymerization of caprolactam to polymide. A novelty for the Leuna facility is the spinning process downstream of polymerization, for the production of textile and carpet yarns.
Today, DOMO still strives to widen its portfolio. For instance, the company recently took over the polypropylene facility of the Basell Group in Rozenburg in the Netherlands.
2005年11月、BASFはドイツの特殊ポリアミドコンパウンドのメーカーのLeuna-Miramid GmbHを買収した。 （2006年5月にBASF Leuna と改称）
Israel's Oil Refineries deal for Carmel Olefins control delayed
Israel's Oil Refineries Ltd
it has not completed as scheduled the acquisition of Israel
Petrochemical Enterprises' 50% holdings in Carmel Olefins it does not already own as the
conditions of deal have yet to be met.
Under the terms of a July 2008 agreement, IPE was to be given a 20.53% stake in Oil Refineries in exchange for its 50% share in Carmel Olefins, Israel's largest petrochemical company. Oil Refineries already owns the other 50% of Carmel.