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 17 is lower than 66% 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. 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, totalling about 8,090,000,000 kg CO2e. Hengyi has set ambitious reduction targets, aiming for a 25% decrease in Scope 1 emissions by 2030, starting from the 2024 baseline. Similarly, they have committed to a 25% reduction in Scope 2 emissions over the same timeframe. These targets reflect the company's commitment to mitigating its carbon footprint and aligning 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. Hengyi Petrochemical Co. is actively working towards enhancing its sustainability practices and reducing its overall environmental impact.
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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 | - | - | - | - | - |
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.
