Hengyuan Refining Company Berhad

Hengyuan Refining Company Berhad (HRC), formerly Shell Refining Company (Federation of Malaya) Berhad, was incorporated in 1960 and listed on the then Kuala Lumpur Stock Exchange in 1962. Its refining operations began in 1963 with a single crude distiller of 20,000 barrels per day, and today it can produce up to 120,000 barrels per day, making it the second largest refinery in Malaysia. It operates in Port Dickson with a team of 500 employees (own and direct contract staff, excluding contractors and suppliers). In 2016, its major shareholder changed after a structured review; Malaysia Hengyuan International Limited (MHIL) became majority shareholder with 51.02 percent as at 22 December 2016. MHIL is wholly-owned by Heng Yuan Holdings Limited, a wholly-owned subsidiary of Shandong Hengyuan Petrochemical Company Limited (SHPC), whose ultimate controlling shareholder is Shandong Hengyuan Petrochemical Group Company Limited.

Hengyuan Refining Company Berhad (formerly known as Shell Refining Company (Federation of Malaya) Berhad) was incorporated in 1960. It was listed on the Main Board of the then Kuala Lumpur Stock Exchange (now the Main Market of Bursa Securities) in 1962. Refining operations began in 1963 with a single crude distiller operating at a capacity of 20,000 barrels per day. Following several key debottlenecking and growth investments, the company can now produce up to 120,000 barrels per day, making it the second largest refinery in Malaysia. It operates in Port Dickson with a team of 500 employees comprising its own and direct contract staff, excluding contractors and suppliers. In 2016, the company underwent a transition of its major shareholder after a structured review exercise. As at 22 December 2016, the majority shareholder is Malaysia Hengyuan International Limited (MHIL) with an equity stake of 51.02 percent. 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.

second largest refinery in Malaysia

1. 1HRC | We Power Human Connectionshrc.com.my
2. 2HRC | Fueling A Sustainable Futurehrc.com.my