The refining company attributed the better revenue to higher average product prices in the current quarter of US$76 per barrel compared with US$65 per barrel in the comparative period.
KUALA LUMPUR: Hengyuan Refinng Company Bhd has approved the full fund release for the H2GEN project worth US$66.40mil, to be executed within its refining complex in Port Dickson, Negeri Sembilan.
In a filing to Bursa Malaysia, Hengyuan sad the project is undertaken to supply the refinery with 30 tonnes per day of hydrogen for hydro desulphurisation unit number 2 and the extractive desulphurisation hydro-treating process to meet the 10 parts per million by weight (ppmw) sulphur specification.
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