Hengli Group’s businesses in Singapore comprise of Hengli Petrochemical International Pte. Ltd. (HPI) and Hengli Shipping International Pte. Ltd. (HSI).
Hengli Petrochemical International Pte. Ltd. (HPI) was established in Singapore on 27 October 2017 as a trading arm for Hengli Petrochemical Co. Ltd. (HPC), a listed company in China under Hengli Group. This is an integral part of Hengli Group’s strategic development in the diversification of its businesses. HPI principally engages in the supply and trading of crude oil, petroleum, petrochemical products and other feedstocks. Our trading desks include crude, petrochemicals, products and derivatives trading. Each desk comprises seasoned traders supported by experienced analysts.
HPI is also the key supplier of imported crude oil to the Group’s 20 million-tonnes refining and chemical integration project in China. Given the strategic location of HPI and its access to a pool of international customers, the refined petrochemical products are sold internationally through HPI. Similarly, through our access to key commodity exchanges, clearing houses, trading counterparties and banks, we engage in proprietary trading and hedging activities for the Group’s refinery.
We also constantly optimise trade by actively seeking trading opportunities through a variety of strategies.
As part of Hengli Group’s international strategy of vertical integration, Hengli Shipping International Pte. Ltd. (HSI) was incorporated on 26 July 2019 in Singapore. It is fully owned by HPI and handles the importation, transfer and floating storage of crude oil, as well as Clean Petroleum Products (also known as CPP) which include gasoline, diesel, naphtha and jet fuel amongst others, and other chemical products.
HS also manages third-party chartering, comprising both spot charter and time charter, as well as vessel vetting, a risk assessment process to ensure that ships and barges function properly during the shipping process.
HS was conferred the “Maritime Sector Incentive – Approved International Shipping Enterprise (MSI-AIS) (Entry) Status Award” on 22 January 2020. The MSI-AIS is awarded on an application basis and applicants are assessed based on their economic contributions in Singapore through business spending, expansion of business activities, as well as projected increase in employed headcount over the next five years.
Hengli Petrochemical International Pte. Ltd. (HPI) was established in Singapore on 27 October 2017 as a trading arm for Hengli Petrochemical Co. Ltd. (HPC), a listed company in China under Hengli Group. This is an integral part of Hengli Group’s strategic development in the diversification of its businesses.
HPI principally engages in the supply and trading of crude oil, petroleum and petrochemical products. It is also the key supplier of imported crude oil to the refining and chemical integration projects in China under Hengli Group.
Subsequently, Hengli Oilchem Pte. Ltd. (HO) was established in June 2018 as a joint-venture between Hengli Group and Sinochem Corporation, a Chinese state-owned company primarily engaged in the production and trading of chemicals and oil with a share ratio of 80:20. HO is principally responsible for the trading and procurement of crude oil, petroleum products and petrochemicals for Hengli Group’s refinery in Dalian, northeast China.
With Singapore as a trading hub, HPI and HO mainly purchase crude oil from the Middle East, America and West Africa. As for the chemical raw materials, they are purchased mainly from Asia.
Chairman and President of Hengli Group, Mr Chen Jianhua (third from left), and Vice Chairperson of Hengli Group, Mdm Fan Hongwei (second from right) at the Official Opening Ceremony of Hengli OilChem Pte. Ltd.
Ms Diana Ma, General Manager of Hengli Shipping International Pte. Ltd. receiving the “Maritime Sector Incentive – Approved International Shipping Enterprise (MSI-AIS) (Entry) Status Award” from Mr Kenneth Lim, Assistant Chief Executive (Industry), Marine Port of Authority.
As part of Hengli Group’s international strategy of vertical integration, Hengli Shipping Pte. Ltd. (HS) was incorporated on 26 July 2019 in Singapore. It is fully owned by HPI and handles the importation, transfer and floating storage of crude oil, Clean Petroleum Products (also known as CPP) which include gasoline, diesel, naphtha and jet fuel amongst others, and other chemical products.
HS also manages third-party chartering, comprising both spot charter and time charter, as well as vessel vetting, a risk assessment process to ensure that ships and barges function properly during the shipping process.
HS was conferred the “Maritime Sector Incentive – Approved International Shipping Enterprise (MSI-AIS) (Entry) Status Award” on 22 January 2020. The MSI-AIS is awarded on an application basis and applicants are assessed based on their economic contributions in Singapore through business spending, expansion of business activities, as well as projected increase in employed headcount over the next five years.
Hengli always maintains a positive, open and collaborative mindset in seeking cooperation and joint development opportunities with its business partners.
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