Hengyuan Refining Company Bhd

Fueling a Sustainable Future

Hengyuan Refining Company Berhad (formerly known as Shell Refining Company (Federation of Malaya) Berhad) (HRC) was incorporated in 1960. HRC was listed on the Main Board of the then Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Securities) in 1962.

HRC's refining operations began in 1963 with a single crude distiller operating at a capacity of 20,000 barrels per day Today we are able to produce up to 120,000 barrels per day following several key debottlenecking and growth investments, making us the third largest refinery in Malaysia. Operating in Port Dickson, HRC boasts a team of 500 employees comprising our own and direct contract staff excluding contractors and suppliers.

In 2016, our Company underwent a transition of our major shareholder after a structured review exercise to now move into a new era and a new phase of growth. The majority shareholder of HRC is Malaysia Hengyuan International Limited (MHIL) as at 22 December 2016 with an equity stake of 51.02 percent in HRC. MHIL is wholly-owned by Heng Yuan Holdings Limited, which in turn is a wholly-owned subsidiary of Shandong Hengyuan Petrochemical Company Limited (SHPC). The ultimate controlling shareholder of SHPC is Shandong Hengyuan Petrochemical Group Company Limited.

Source: hrc.com.my

Vision

To be a leading global energy and petrochemical company, pioneering sustainable solutions.

Mission

We are committed to safeguard our operational integrity, be bold in our innovations, leverage the strength of our people, and to maximise stakeholder value.

Purpose

We Power Human Connections

We connect and bring people together rough solutions and conveniences that our products create.

Values

Integrity

Collaboration

Accountability

Respect

Entrepreneurial

Source: hrc.com.my