Hengyi Petrochemical Co Sustainability Profile
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 17 is lower than 67% 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 2024, Hengyi Petrochemical Co., headquartered in China (CN), reported total carbon emissions of approximately 6,130,000,000 kg CO2e for Scope 1 and about 1,810,000,000 kg CO2e for Scope 2, resulting in a combined total of around 7,940,000,000 kg CO2e for both scopes. This marks a significant increase from 2023, where emissions were approximately 4,240,000,000 kg CO2e for Scope 1 and 3,850,000,000 kg CO2e for Scope 2, leading to a total of about 8,090,000,000 kg CO2e. Hengyi Petrochemical has set ambitious reduction targets, aiming for a 25% decrease in Scope 1 emissions by 2030, starting from the 2024 baseline. Similarly, the company has committed to a 25% reduction in Scope 2 emissions over the same timeframe. These targets reflect a proactive approach to mitigating climate impact and align with industry standards for carbon management. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Overall, Hengyi Petrochemical's commitments and emissions data highlight its ongoing efforts to address climate change and reduce its carbon footprint in the petrochemical sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - |
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Hengyi Petrochemical Co's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hengyi Petrochemical Co has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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