Following the completion and success of the first phase of its petrochemical complex project, Hengyi Industries is now heading towards the commencement of the project’s second phase and remains committed to the support of the ‘Bruneianisation’ directive issued by the Ministry of Energy in June 2018.
“We have hired 667 locals and successfully achieved 40 per cent localisation in our company,” it said, adding that “we aim to continue with the goal of increasing the localisation efforts by at least five per cent every year to achieve the target of 90 per cent localisation goal. This will be done through our collaborative scholarship programme initiatives, such as Zhejiang University Scholarship Programme with Institute of Brunei Technical Education (IBTE), and Lanzhou Petrochemical Polytechnic College (LPP) Scholarship Programme with Universiti Brunei Darussalam (UBD) as well as our direct recruitment drives”.
The company sees the programme as part of “our commitment to supporting the development of local youth. Through these scholarship programmes, the students will not only undergo academic studies but will also be exposed to industrial training to give them real-life working experiences. Once graduated, the scholars will be given employment opportunities at Hengyi Industries”.
To date, Hengyi Industries has awarded 203 scholarships to local students and plans on providing more opportunities in the near future. Thus far, the initiative has yielded great results, with 99 students who have completed the programme being offered full-time employment at the company.
Hengyi Industries is also collaborating with IBTE and Politeknik Brunei (PB) to launch new programmes with the aim of developing and cultivating the next generation of local workforce, in support of Brunei Vision 2035’s goal of creating more educated, highly skilled and accomplished people.
Currently, 50 students have enrolled in Diploma in Laboratory Technology and another 36 in Diploma in Chemical Engineering, in collaboration with PB.
An additional six diploma programmes will be launched this July, with the first batch of students at IBTE and PB. Upon successful completion, the company said, the graduates will be integrated into Hengyi’s pool of workforce.
Despite facing a pandemic as devastating as COVID-19, Hengyi Industries has not suffered any disruptions to its operations and has continued to contribute to Brunei Darussalam’s growth.
The company said, “While the pandemic posed a unique challenge for us, 2020 was a progressive year for Hengyi Industries. We remained in high operation load throughout the year, and exported over 6.38 million tonnes of petroleum products and 1.7 million tonnes of petrochemical products. As a result, we achieved a sale revenue of USD3.5 billion.”
Last May, Hengyi Industries also began supplying refined fuel products to the domestic market as part of the commercial agreement signed with Brunei Shell Marketing Company Sdn Bhd (BSM).
“The supply of refined fuel products is one of our biggest efforts to diversify the downstream industry and reduce the nation’s dependency on imported fuel products,” it said.
“From May 2020 to December 2020, Hengyi supplied a total of 283,000 tonnes of fuel products for local consumption.”
The company, in collaboration with the Ministry of Energy, looks to play a crucial role in contributing to Brunei Darussalam’s long-term economic growth and social development. “We aim to maximise economic spin-offs by leveraging on the industry through increasing local employment opportunities as well as goods and services supply, while enhancing local capabilities and sustainable growth of local businesses,” it said.