Fueling a
Sustainable Future
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 third 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.
Logo Rationale
The updated logo is a modern and minimalist design reflecting our Company's strength and stability. Its overall shape resembles a tripod, symbolising a strong foundation that signifies Hengyuan's firm foundation. The triangular cut-out shape on the logo is a creative element of an oil pipeline, a symbol representative of the industry. The three interlocking sections of the logo's structure resemble the support framework of an oil rig, symbolising part of the industry supply chain. This logo conveys the brand's continuous pursuit of innovation, embodying the brand's spirit of perseverance and progress, which serves as a strong foundation for the Company's continued growth.
The colour palette of the logo features blue and orange as its standard colours. Blue signifies confidence and vision. While orange represents vitality and our drive for innovation. These elements collectively convey Hengyuan's commitment to sustainable growth. Underpinning our actions and approach are our core values, ICARE: Integrity, Collaboration, Accountability, Respect, and Entrepreneurial spirit. These values guide our operations and interactions, ensuring responsible conduct and teamwork across all levels.
ICARE is integral to our governance and reflects our dedication to excellence.
