With an investment of USD 3.45 billion, Hengyi Industries Sdn Bhd (Hengyi Industries) is the largest overseas investment by a private Chinese enterprise and the largest foreign direct investment in Brunei Darussalam. The refinery and integrated petrochemical project will be completed in two phases. Hengyi Industries achieved successful Phase 1 operations in November 2019 after 2.5 years of construction and 2.5 months of active commissioning activities. the second phase include plans for further expansion of the aromatics and cracker plant, providing the building blocks for the petrochemical industries in Brunei Darussalam.
This Joint venture is the perfect synergy- with the government of Brunei Darussalam’s ambition to further develop the downstream segment of its energy sector and Zhejiang Hengyi Group’s aspiration to back integrate and build a complete industry chain.
With the ambition of being the leading petrochemical plant in the region, Hengyi Industries will strive to develop petrochemicals through innovation and business sustainability while maintaining the highest standards of environment and safety. Hengyi Industries aspires to play a crucial role in contributing towards Brunei Darussalam’s long-term economic growth and social development, consequently setting a solid foundation for the achievement of Wawasan 2035.
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