Bazan Group is investing in Feelit as part of its strategic green business strategy. Feelit is an Industry 4.0 company in Predictive Maintenance, which is integral for sustainable, smart manufacturing. By automatically alerting to predict failures in real-time, Feelit prevents unscheduled downtime and contributes to the efficient use of resources by ensuring optimum system availability.
Henkel and Continental, German world leading manufacturers, are Feelit strategic partners that invested in Feelit.
Takwin labs is an Israeli VC that also invested in Feelit.
Bazan will contribute to Feelit by carrying out pilots in its facilities to help develop suitable products for the refining and petrochemical industry while providing information and extensive engineering knowledge.
Meanwhile, Feelit will help Bazan develop products that reduce failures and save operating costs through the predictive and preventive maintenance of various facilities and systems.
Current pilots exist in five Bazan facilities, and four products are in development ̶ valves, steam traps, heat exchangers, and pipes.
“It is very exciting to join hands with such an amazing partner like BAZAN, that has become a leader in implementation of Industry 4.0 approaches.
I am confident this partnership will not only serve both companies in achieving their ESG goals , but also help in creating a greener future for us and our children”
״I am thrilled to announce that Bazan Group has invested in Feelit Technologies after working together for over a year.
Our collaboration has allowed us to tailor our product’s development to specific industry needs
We are looking forward to what the future holds for our partnership״