How to stop the petro-chemical industry from dominating Israel
Petrochemical giant Enerco is the owner of Israel’s largest agrochemical company, Petrochemics, and has been making billions of dollars from selling its products in the country.
Now, with its new plant in the northern Negev, Enercos newest plant in southern Israel, the company hopes to continue its dominance of the industry.
It is also hoping to continue the flow of petro chemicals to the U.S. market, which will make the company more profitable.
Petro Chemicals CEO, Avraham Eitan, made it clear that he wants to stay in the Israeli market for now, because it has the biggest potential in the market.
“Israel is the biggest market for petro and petro products,” Eitan told Haaretz in an interview on Thursday.
“We will have an advantage if we are able to develop and expand the plant here, but if not, we have other options.”
The Israeli government has been planning to build the plant since 2012.
According to the latest information released by the Israel Chamber of Commerce, Petros plants in Israel are already operating on a daily basis, and there is no reason to expect that the plant will not be operating at full capacity in coming years.
The company is also investing $1.7 billion in the project and is looking to raise another $500 million for construction.
The Petros plant will produce chemicals for a variety of different industries, including petrofuels, petrocellulose products, petrosulphate products, and petrol products.
The Israeli Minister of Industry, Tourism and Agriculture, Gilad Erdan, told Haifa that the company has committed to invest $2.5 billion in its new petro plant, which he said will help create 1,500 new jobs.
“The Israeli economy is diversified and it is growing, so we must continue to invest in our industry,” Erdan said.
“It is a major factor in the success of the Israeli economy.”
The construction of the Petros petro plants will also help the company continue its expansion, which is currently being fueled by petro chemical production in the U, where it accounts for about 70% of all chemical production.
However, Petronas hopes that the new plant will have a larger impact on the Israeli petro market.
According the PetroChemists website, its petro manufacturing capacity has grown by more than 10% in the past year.
Israel has an ongoing battle with the Islamic State group (ISIS) over its territory, which has prompted it to build up its own chemical plants and to develop its own technologies.
Israel is also struggling to cope with the threat of a global pandemic.
Israel produces almost 60% of the world’s petro production.
In 2017, Israel exported nearly $4.6 billion worth of petros.
Petros are currently one of the most sought after ingredients for making petro fertilizers, fertilizers and pesticides, according to Israel’s Ministry of Industry.
According it, Israel exports about 60% to the European Union and about 20% to countries in the Middle East.
Israel, which also produces the largest amount of petroglycerin, is expected to become the world leader in petro plastics by 2023, with over 2,000 petro processing plants in operation.
Petroc is expected produce more than 20 billion cubic feet of petrol each year, according Petropetro.