Full Fund Release of USD66.40 million for the H2GEN Project

abarrelfullabarrelfull wrote on 22 Jan 2019 08:01

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The Board of Directors of Hengyuan Refining Company Berhad (“Company”) wishes to announce that it has approved the full fund release for the H2GEN Project (“H2GEN Project”) to be executed within its refining complex in Port Dickson.

The H2GEN Project is undertaken to supply the refinery with 30 tonnes/day of hydrogen for hydro desulfurization unit#2 and the extractive desulfurization hydro-treating process to meet the 10ppmw sulphur specification. The refinery will be short of hydrogen upon Euro5 gasoil specification implementation in September 2020.

The H2Gen Project is expected to start up in September 2020 to coincide with the Euro5 gasoil legislated date.

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