About Hengyuan Refining Company
About Hengyuan Refining Company Berhad
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 second 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.
Hengyuan Refining Company Berhad now adopts the logo of its holding company. This logo is a meaningful symbol of sustained excellence and strength.
The triangle outline of our logo represents the Tai mountain in Shandong, where Confucius used to meditate. This symbol of power is complemented by calm, collective wisdom, depicted by the colour blue.
The solid black triangle within this logo denotes growth in the oil and gas industry, while the stylized ‘S’ in red, speaks of the challenging road to the top and is reminiscent of a sprinting athlete always inspired to win the race. The colour red also depicts the passion that will drive us to keep persevering and deliver distinctive performance.