Hengyuan Refining Company Bhd 2024 IR
The report outlines Hengyuan Refining Company Berhad's financial and operational performance for the fiscal year 2024, marking its first Integrated Annual Report. Despite facing market volatility and an unplanned downtime in June 2024 due to a carbon monoxide boiler leak, the company successfully restored full operational capability and produced 36.8 million barrels of refined products. Key achievements include securing new supply contracts with PETRONAS, PETRON, and FIVE, and implementing 13 Business Improvement Plans projected to contribute USD 7 million annually to margins starting in 2025. On the sustainability front, the company maintained a zero-fatality record and won first place in an electrical and electronic waste collection competition.
Company: Hengyuan Refining Company Bhd
Sector: Energy
Country: Malaysia
Year: 2024
Type: IR
Pages: 172
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Hengyuan Refining Company Bhd
Integrated Annual Report
The report outlines Hengyuan Refining Company Berhad's financial and operational performance for the fiscal year 2024, marking its first Integrated Annual Report. Despite facing market volatility and an unplanned downtime in June 2024 due to a carbon monoxide boiler leak, the company successfully restored full operational capability and produced 36.8 million barrels of refined products. Key achievements include securing new supply contracts with PETRONAS, PETRON, and FIVE, and implementing 13 Business Improvement Plans projected to contribute USD 7 million annually to margins starting in 2025. On the sustainability front, the company maintained a zero-fatality record and won first place in an electrical and electronic waste collection competition.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities