Hengli Petrochemical International Pte. Ltd. was incorporated in Singapore in October 2017, a listed company under one of the world's largest weaving companies, Hengli Group. Hengli Group, established in 1994, is an international enterprise that focuses on oil refining, petrochemical, advanced polyester materials, and textile. The Group owns one of the world’s largest PTA plants and one of the world’s largest functional fiber production bases and weaving enterprises, with more than 120,000 employees. Hengli Group’s total revenue in 2021 was RMB732.3 billion ($115.96B USD), ranking 75th in Fortune Global 500 (Yr 2022), 21st in Top 500 Chinese Enterprises (Yr 2021), 3rd in China's Top 500 Private Enterprises (Yr 2021) and 6th in the Top 500 Manufacturing Enterprises in China. Hengli Petrochemical International Pte. Ltd. is engaged in the supply and trading of crude oil, petroleum and petrochemical products as well as the key supplier of imported crude oil to Hengli Refining and Chemical Integration Project (20 million tons/year, 400,000 bpd) in Dalian Changxing Island.