at-a-glance

CHAIRMAN'S
STATEMENT


Dear Shareholders,

2021 proved to be another challenging year for Hengyuan Refining Company (HRC or the Company), as we marched forward in an uphill battle of continuously ensuring the safety of our people and sustaining the operations of our plant. Despite the external challenges, we take pride in having maintained our operations as the result of our nimbleness to respond to issues by leveraging on the comprehensive optimisation plans that we have put in place.

Through an environment of fluctuating demand and increasing costs, we remained steadfast and escalated our commitment to our stakeholders and the set goals of our established business plan.

to participate in the Public-Private Partnership Immunisation Programme (PIKAS), doing our part to accelerate the nation’s vaccination agenda, safeguard the health of our employees, and ensure continuity in our operations.

Together with continuous improvement on the Company’s safety and environmental agenda, we stayed customer-focused, margin-driven and strategically responsive in 2021.

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FINANCIAL
CALENDAR



NOTICE OF 63rd
ANNUAL GENERAL MEETING


NOTICE IS HEREBY GIVEN that the Sixty-Third Annual General Meeting (63rd AGM) of Hengyuan Refining Company Berhad (the Company) will be held entirely through live streaming from the broadcast venue at Spectrum Room, Level 3A, Connexion Conference & Event Centre (CCEC), Nexus Bangsar South City, No 7, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia (Broadcast Venue) on Wednesday, 25 May 2022 at 10.00 a.m.

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BUSINESS
OVERVIEW


  • Hengyuan Refining Company Berhad (HRC or the Company) stands tall as Malaysia’s third largest refinery in Malaysia, providing significant fuel needs for the country since 1963.
  • Based in Port Dickson, Negeri Sembilan, HRC has been operating for nearly six decades and continues to play an integral and reliable role in the nation’s oil and gas industry and to the surrounding community.
  • We process crude oil from Malaysia and all over the world and have the licensed capacity to deliver up to 156,000 barrels per day of petroleum products to customers, mainly in Malaysia and Southeast Asia.
  • Presently, our business activities are focused on refining and processing crude oil, refinery operations and maintenance, and supplying refined products to our customers.
  • We supply through three channels: the multi-product pipeline to the Klang Valley and KLIA, our truck loading gantry for local (Peninsular Malaysia) customers and exporting to vessels through our jetty to East Malaysia and oversea markets.

  • Our plant is a complex refinery. The main operating units comprise two crude distillers, a long residue catalytic cracker unit (LRCCU), two naphtha treaters and a Merox plant, one reformer, a gasoil treatment plant and an E5G unit for Euro 5 fuel specification for diesel. These assets are well maintained with a strong focus on asset integrity and reliability. Two new units to produce Euro 4M fuel specification for petrol and to produce hydrogen are under construction and on track for completion in 2022.

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