Bazan Group Oil Refineries Ltd, one of Israel’s leading refining and petrochemical companies, has recently announced its strategic investment in Feelit Technologies, an Industry 4.0 company specializing in predictive maintenance. This investment is a part of Bazan’s commitment to supporting sustainable and efficient manufacturing practices.
Predictive maintenance is a critical component of sustainable manufacturing. By predicting failures in real-time and preventing unscheduled downtime, it helps ensure the optimal use of resources, thus reducing waste and increasing productivity. This is where Feelit Technologies comes in with its innovative solutions.
Feelit Technologies has developed a technology that can predict failures in industrial machines using its proprietary nano-optic sensing technology. The technology can monitor the machines’ condition, detect early warning signals, and alert the maintenance team about potential failures before they occur.
Pilots with Feelit are currently underway in five Bazan facilities, with four products in development: valves, steam traps, heat exchangers, and pipes. With Bazan’s strategic investment, Feelit will be able to gain insights into market needs and benefit from Bazan’s professional expertise, while Bazan will further its involvement in the deployment of advanced Industry 4.0 technologies.
“We are excited to partner with Feelit and its positive impact on Bazan’s operations,” affirmed Adi Segal, Head of Maintenance and Service Department at Bazan Group.
The investment in Feelit Technologies is part of Bnnovation, the innovation arm of Bazan, which aims to support sustainable and efficient manufacturing practices. Dr. Gili Bittan-Banin, Head of Innovation at Bazan Group, said, “This investment will allow Feelit to gain insights into market needs and benefit from Bazan’s professional expertise, while allowing Bazan to further its involvement in the deployment of advanced Industry 4.0 technologies.”
In conclusion, Bazan’s investment in Feelit Technologies is a significant step towards sustainable and efficient manufacturing practices. With Feelit’s innovative technology, Bazan will be able to predict machine failures and prevent unscheduled downtime, thereby reducing waste, increasing productivity, and promoting sustainable manufacturing.
