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 80% 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 2023, Hengyuan Refining Company Berhad, headquartered in Malaysia (MY), reported total carbon emissions of approximately 1,104,941,000 kg CO2e. This figure includes Scope 1 emissions of about 115,953,120 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 988,987,970 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 1,181,699,000 kg CO2e, with Scope 1 emissions at approximately 133,382,000 kg CO2e and Scope 2 emissions at around 1,048,318,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Hengyuan Refining has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company is a current subsidiary of Hengyuan Refining Company Berhad, which may influence its emissions reporting and sustainability strategies. However, there are no specific SBTi (Science Based Targets initiative) reduction targets or climate pledges noted in the available data. Overall, while Hengyuan Refining has made strides in emissions reporting, further clarity on reduction initiatives and commitments would enhance its sustainability profile.
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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.
