KUALA LUMPUR: Regional oil refining company Hengyuan Refining Company Bhd has allocated RM700mil in capital expenditure (capex) over the next one to two years to finance two cornerstone projects, said chairman Wang You De.
Wang said the projects – namely Euro4M Mogas and Atlas II – were essential for the company to enhance operational reliability, capture commercial opportunities throughout the value chain and also comply with upcoming regulations on gasoline and diesel specifications.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!