Hengyuan Refining Company Bhd 2016 AR2
The report highlights Hengyuan Refining Company Berhad's transition following the acquisition of a 51% equity stake by Shandong Hengyuan Petrochemical Company Limited in December 2016. Financially, the company recorded a profit after tax of RM335 million and revenues of RM8 billion, supported by a gradual recovery in crude prices. Operationally, the company focused on maintaining high safety standards, achieving over 0.5 million man-hours without a lost time injury, despite experiencing a single lost time injury and three process safety incidents. The company also advanced its preparations for the Euro 4M Mogas project and the upcoming 2018 major turnaround to ensure long-term asset integrity and regulatory compliance.
Company: Hengyuan Refining Company Bhd
Sector: Energy
Country: Malaysia
Year: 2016
Type: AR2
Pages: 143
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Hengyuan Refining Company Bhd
Annual Report
The report highlights Hengyuan Refining Company Berhad's transition following the acquisition of a 51% equity stake by Shandong Hengyuan Petrochemical Company Limited in December 2016. Financially, the company recorded a profit after tax of RM335 million and revenues of RM8 billion, supported by a gradual recovery in crude prices. Operationally, the company focused on maintaining high safety standards, achieving over 0.5 million man-hours without a lost time injury, despite experiencing a single lost time injury and three process safety incidents. The company also advanced its preparations for the Euro 4M Mogas project and the upcoming 2018 major turnaround to ensure long-term asset integrity and regulatory compliance.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees