Hengyi Petrochemical Co., Ltd.

Chinese polyester fiber and oil refining giant

What Hengyi Petrochemical does

Hengyi Petrochemical turns crude oil into fuels and the chemical building blocks used to make polyester. Those chemicals are then spun into polyester yarns, fibers, and chips that end up in clothing, textiles, and plastic bottles. The company runs the whole chain from refinery to finished fiber, mainly in China and Southeast Asia.

How Hengyi Petrochemical makes money

It earns revenue by selling refined oil products, petrochemical raw materials like PX and PTA, and downstream polyester products, profiting from the processing spread between crude oil feedstock and finished chemical or fiber output. Vertical integration across refining, PTA, and PET lets it capture margin at multiple stages of the same chain.

Products & services

• Refined oils (gasoline, diesel, aviation kerosene)
• Paraxylene (PX)
• Purified terephthalic acid (PTA)
• Caprolactam and benzene
• Polyester filament yarn (POY, FDY, DTY)
• Polyester staple fiber, chips, and bottle chips