Hengyi Petrochemical Co
Hengyi Petrochemical Co., Ltd., commonly referred to as Hengyi, is a leading player in the petrochemical industry, headquartered in China. Established in 1994, the company has made significant strides in its operational regions, including Southeast Asia and beyond, focusing on the production of high-quality petrochemical products. Hengyi's core offerings encompass a wide range of chemicals, including polyester, synthetic fibres, and other petrochemical derivatives, distinguished by their innovative production processes and commitment to sustainability. The company has achieved notable milestones, such as expanding its production capacity and enhancing its market presence, solidifying its position as a key competitor in the global petrochemical landscape. With a focus on quality and efficiency, Hengyi continues to drive advancements in the industry, contributing to its reputation as a trusted supplier.
DitchCarbon Score
How does Hengyi Petrochemical Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hengyi Petrochemical Co's score of 22 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hengyi Petrochemical Co's reported carbon emissions
In 2023, Hengyi Petrochemical Co reported total carbon emissions of approximately 8,090,000,000 kg CO2e, with Scope 1 emissions at about 4,240,000,000 kg CO2e and Scope 2 emissions at around 3,850,000,000 kg CO2e. This level of emissions reflects a consistent output over recent years, with similar totals reported in 2022 and 2021. Hengyi has set ambitious reduction targets, aiming for a 25% decrease in both Scope 1 and Scope 2 emissions by 2030, starting from their 2024 levels. This commitment underscores the company's proactive approach to mitigating its carbon footprint and aligns with industry standards for climate action. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Overall, Hengyi Petrochemical Co's climate commitments demonstrate a clear intention to enhance sustainability and reduce greenhouse gas emissions in the coming years.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 4,240,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,850,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hengyi Petrochemical Co is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
