About Hengyuan

Company Profile

Founded in 1970, Shandong Hengyuan Petrochemical Company Limited is a large state-owned enterprise that specializes in petrochemical industry and integrates petroleum refining and subsequent chemical engineering. The company is located in the west side of Linyi County, Dezhou City, Shandong Province, adjacent to Beijing and Tianjin to the north, provincial capital-Jinan to the south, where Beijing-Shanghai Expressway and Delongyan Railway pass through, with convenient transportation and superior geographical environment. After nearly half a century of hard work, it has grown into an international modern enterprise with enormous development potential.


1100 on-the-job Employees

1.5 million Registered Capital

1800 mu Floor Area

350 million tons/year Once Processing Capacity

The company has a registered capital of 150 million Yuan, total assets of 7 billion yuan, and more than 1,100 employees, covering an area of 1800 mu. The one-time processing capacity of the existing equipment is 3.5 million tons / year. It has more than ten sets of main production equipment such as heavy-duty asphalt, delayed coking, rapid cracking of heavy oil, catalytic cracking of heavy oil, gas separation, gasoline hydrorefining, diesel hydro-upgrading, MTBE, polypropylene, deep desulfurization of heavy gasoline, and corresponding system engineering facilities such as storage, transportation, power supply, water supply, fire protection and environmental protection. The main products include motor gasoline, motor diesel, liquefied gas, propane, propylene, polypropylene, petroleum coke and so on. In the process of relentless pursuit of transcendence and development, the company is continuously optimizing its process technology and upgrading its product quality, which have reached the domestic advanced level.

As an important pillar enterprise of Dezhou City, one of the top 100 enterprises in Shandong Province and one of the top 500 enterprises in China's chemical industry, the company has won honors such as the National May 1st Labor Medal, the National Excellent Chemical Enterprise, the National Advanced Collective in Petroleum and Chemical Industry, the Provincial Advanced Enterprise, and Model Unit for Circular Economy in Shandong Province, which can be called as a bright pearl in the northwestern plain of Shandong. Wang Youde, chairman and general manager of the company, with his outstanding leadership performance, has been elected as a representative of 10th and 11th People's Congress of Shandong Province and the 12th National People's Congress, and has won honors successively such as the “Top Ten Outstanding Entrepreneurs in Shandong Province”, “Labor Medal for Enriching People and Prospering Shandong” and “National Outstanding Person Award for Advanced Productivity”.


In 2001, the company established a development strategy of “opening up the crude oil as the start, expanding the chemical industry as end, strengthening chemical industry and focusing on the development of fine chemicals”, sticks to this strategy and moves forward. The company takes cultural development as boost, scientific and technological innovation as means to lengthen the industrial chain and strengthen energy conservation and emission reduction. In the past ten years, the company’s scale has grown steadily, and the company's benefits have been rising every year. In 2011, it became the first unit in Dezhou to exceed 10 billion of sales revenue, making outstanding contributions to promoting local economic development. At this point, the company has successfully completed the “self-improvement” process of “healthy survival”, and entered the “breakthrough” of “sustainable development”, namely the second leap. With the overall goal of “creating a environmentally friendly, orderly, civilized century-old enterprise with all-round development”, with the guiding ideology of scientific development, innovative development and ecological development, the company has made every effort to implement the macro strategic plan of “two major transfers outside the city and outside the country”, and is devoted to completely breaking through the barriers between transformation & upgrading and the transformation of old and new kinetic energy, achieving the true healthy and sustainable development of the enterprise.


In 2016, the company made a historic breakthrough in its development, and successfully completed the reorganization and integration of Hengyuan Refining Company Berhad (HRC), which created a first in domestic local oil refinery going abroad. The total processing capacity of domestic and overseas plants has reached 9.5 million tons / year. In 2017, the company achieved sales revenue of 39.9 billion Yuan both at home and abroad; it has smoothly promoted the overseas strategic layout, and successfully established Malaysia Hengyuan International Limited. (MHIL), a regional trade center in Kuala Lumpur, Malaysia. Through domestic and foreign unified command and coordination, it achieved the management and control upgrade for HRC and international business expansion; at home, Hengyuan positions at "building safe, environmentally friendly, energy-saving, efficient new refining base at home with high standard", trying its best to create a high-end new high-end park in the north; it implements optimization and re-engineering of safety culture system, organizational system, performance assessment and remuneration system, to converge the enterprise’s comprehensive competitiveness through internal enhancement.

We pursue excellence like phoenix in the sky and rivers rushing to sea. Based in China, looking to the future, the persevering, introverted Hengyuan people shoulder the dream and mission of “century-old strong enterprise”, to cast wisdom and glory into the cause of building “International Great Hengyuan”, fight together in the domestic and international economic tide, move forward, and strive to build a new Hengyuan that closely follows the pulse of the times, conforms to the foresight of the industry, and contains infinite vitality!