Hengyuan Refining
Hengyuan Refining Company Berhad, commonly known as Hengyuan, is a prominent player in the oil and gas industry, headquartered in Malaysia. Established in 1964, the company has evolved significantly, marking key milestones in refining and petrochemical production. Hengyuan operates primarily in the Southeast Asian region, focusing on refining crude oil into high-quality petroleum products. The company’s core offerings include gasoline, diesel, and jet fuel, distinguished by their adherence to stringent quality standards and environmental regulations. Hengyuan's commitment to innovation and sustainability has solidified its market position, making it a trusted name in the industry. With a robust operational framework and a strategic focus on efficiency, Hengyuan continues to contribute to Malaysia's energy landscape while meeting the growing demands of the regional market.
DitchCarbon Score
How does Hengyuan Refining'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 Business Services 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
Hengyuan Refining's score of 36 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hengyuan Refining's reported carbon emissions
In 2023, Hengyuan Refining, headquartered in Malaysia, reported total carbon emissions of approximately 1,115,953,120 kg CO2e. This figure includes 115,953,120 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 98,898,970 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions, which encompass indirect emissions from the supply chain, amounted to about 1,104,941,000 kg CO2e. Over the years, Hengyuan has shown fluctuations in its emissions. For instance, in 2016, the company reported 1,243,670,000 kg CO2e solely from Scope 1 emissions, with no Scope 2 or 3 emissions disclosed. By 2019, total emissions from Scope 1 and 2 combined were approximately 1,222,070,090 kg CO2e, indicating a gradual reduction in direct emissions over the years. Despite these figures, Hengyuan Refining has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the context of the refining industry, which is under increasing pressure to enhance sustainability and reduce greenhouse gas emissions.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,243,670,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Hengyuan Refining is not committed to any reduction initiatives 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.
