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 21 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hengyuan Refining's reported carbon emissions
In 2022, Hengyuan Refining reported total carbon emissions of approximately 1,100,000,000 kg CO2e, comprising 1,000,000,000 kg CO2e from Scope 1 and 100,000,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. In 2021, the emissions figures were identical, indicating a stable emission level over the two years. For 2023, specific emissions data has not been provided, but the company reported flaring emissions of about 42,000,000 kg CO2e and GHG emissions of approximately 34,551,000 kg CO2e per million barrels of production in its sustainability report. Hengyuan Refining has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. The absence of disclosed reduction initiatives suggests a need for enhanced transparency and strategic planning in addressing carbon emissions. The company operates within the mineral fuels and oils sector, where emissions management is critical for aligning with global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,234,603,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 4,367,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,278,588,000 | - | - | - | - | - |
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 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.
