KUALA LUMPUR, Sept. 6 (Xinhua) -- China's Hengyuan Refining Company (HRC) said Wednesday that it would invest on a clean air regulation project (CAR) within its refining complex in Port Dickson.
The Chinese entity told Malaysian stock exchange that it had approved the investment, using a mix of cash flow generated from operations and a further draw down from an existing term loan.
The project is undertaken to ensure that the refinery's emissions comply with the CAR requirements mandated by the Malaysian regulatory authorities, it said.
It will be done via the installation of air pollution control systems at the Long Residue Catalytic Cracking Unit and Plat-2, and an emission monitoring system on HRC's flue gas stacks.
The CAR currently requires compliance by June 2019, it added.
Formerly known as Shell Refining Company (Federation of Malaya) Berhad, HRC is ultimately owned by Shandong Hengyuan Petrochemical Group Company Limited.
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