Israel Petrochemical Enterprises Ltd. is a holding company, which engages in the energy and petrochemicals. It manufactures petroleum products, polymers used as raw material for the plastics industry, aromatic materials used as raw materials in the chemical and petrochemical industry, and basic oils and waxes, which are used as raw materials in the manufacture of other products. The company was founded in 1961 and is headquartered in Tel Aviv, Israel.