COMPANY PROFILE

Hengyuan Refining Company Berhad (HRC), formerly known as Shell Refining Company (Federation of Malaya) Berhad (SRC), was incorporated in Malaysia on 19 September 1960. The company was listed on the Main Board of the Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Securities) on 29 October 1962. On 22 December 2016, Malaysia Hengyuan International Limited (MHIL) acquired 51.0% equity stake in SRC from Shell Overseas Holdings Limited. MHIL is wholly owned by Heng Yuan Holdings Limited, which in turn, is a wholly owned subsidiary of Shandong Hengyuan Petrochemical Company Limited. HRC manages and operates a refinery in Port Dickson, Negeri Sembilan with licensed production capacity of up to 156,000-bpd. The refinery is involved in the refining and manufacturing of petroleum products.

The Company has won several awards. HRC won the gold award for the most consistent performer over five years at The Edge Malaysia ESG Awards 2023. Prior to that, the Prime Minister’s Hibiscus Award 2021/2022 for Excellent Achievement in Environmental Performance.