Paz Ashdod Oil Refinery slapped with NIS 906,000 fine over black smoke emissions

The Paz Ashdod oil refinery has been fined NIS 906,000 ($260,000) for an incident in which the firm’s electrical system broke down and thick black smoke was allowed to billow out of chimneys for more than an hour.

The incident took place in 2017.

The Environmental Protection Ministry said in a statement released Wednesday that particles that were not fully combusted entered the air, posing a danger to public health because the particles can penetrate blood vessels and lungs.

The company claimed that the breakdown had occurred during renovations.

But the ministry found that backup systems had failed as well, indicating “serious system maintenance failures” and a lack of preparation in the event of such failures.

The business site The Marker reported on Wednesday that the Paz company was looking to sell the oil refinery, officially as part of a company reorganization.

Paz has reportedly asked the investment bank Leumi Partners to search for a buyer.

Paz chairman Avraham Bigger reportedly wants to focus on the company’s gas stations and associated Yellow minimarkets, and to cash in on the real estate potential of the refinery.

Paz purchased the refinery on Israel’s southern coast from the state in 2006.

According to The Marker, the pressure to sell the refinery stems both from its relatively low profitability and local and international trends toward replacing fossil fuels with renewables, such as solar and wind energy, in order to tackle global warming.

Energy Minister Yuval Steinitz has said he was “considering” raising the country’s renewables target for 2030 from 17 percent to between 25% and 30%, and would be consulting with his professional staff. He also envisages that all cars will be run on electricity by this date.

Source Article from

Related Posts
Letter bomb catches fire at ING Bank office in Amsterdam, one person suffers smoke inhalation

The incident took place in a building belonging to the ING Bank. Police said medics

‘It’s a smoke show’: Netanyahu’s criminal indictment takes backseat to Trump plan “Trump’s ‘deal of the century’ is no deal at all” Washington Post, January 29/20,

Fragrance/Perfumes Are Being Labelled As The New ‘Second Hand Smoke’

The Facts:Togo, a country in West Africa has decided to ban the use of toxic

The Real Reason Anxious and Stressed-Out People Smoke Cannabis

(TMU) — Marijuana users have long testified that after a stressful or anxiety-racked day they

Hits: 5

You can leave a response, or trackback from your own site.

Leave a Reply


Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes