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How Hengyi Industries is driving Brunei’s dowsntream sector

Summary by Biz Brunei
Hengyi Industries’ oil refinery and petrochemical plant now contributes 10% of Brunei’s GDP annually — with its upcoming second phase potentially increasing this to 30%, through expanded refining capacity and increased petrochemical products. Hengyi’s Director of General Affairs, Li Peng, sits down with Australian economist Professor Tim Harcourt to explain their operations in Brunei — from product output and economic contribution to future expa…
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Biz BruneiBiz Brunei

How Hengyi Industries is driving Brunei’s dowsntream sector

Hengyi Industries’ oil refinery and petrochemical plant now contributes 10% of Brunei’s GDP annually — with its upcoming second phase potentially increasing this to 30%, through expanded refining capacity and increased petrochemical products. Hengyi’s Director of General Affairs, Li Peng, sits down with Australian economist Professor Tim Harcourt to explain their operations in Brunei — from product output and economic contribution to future expa…

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Biz Brunei broke the news in on Saturday, March 29, 2025.
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