Your Company, Shell Refining Company (Federation of Malaya) Berhad, is the only publicly listed company within Shell Malaysia. Your Company was formed in 1960 as a public listed company and currently has 49% public participation. It operates with state-of-the-art technology and is the key petroleum products supplier to Shell’s Downstream businesses in Malaysia. Your Company’s oil refi nery at Port Dickson produces a comprehensive range of petroleum products, over 80% of which are consumed within Malaysia.
In 1999 your Company completed its RM1.4 billion investment in Malaysia’s fi rst Long Residue Catalytic Cracking Unit (“LRCCU”), thereby transforming what was a medium-sized, relatively simple refi nery, into a world class and modern complex refinery.
The LRCCU, which represents an important commitment to your Company’s future, has quadrupled the refi nery’s Liquefi ed Petroleum Gas (“LPG”) production and doubled its motor gasoline production. It has also enabled the refi nery to manufacture propylene which is a highly valued feedstock for the petrochemical industry.
While striving for maximum returns to our shareholders, your Company also believes in giving equal attention to caring for our environment and fulfi lling our corporate social responsibility (“CSR”) obligations by contributing to social development in our community. We actively encourage and support diverse wealth creation in the community, the development of new skills and expertise as well as the transfer of new technologies and best business practices to Malaysia.
Through our sustainable development policy, your Company integrates the economic, environmental and societal aspects of our business in order to achieve sustained fi nancial success, safeguard our environment and develop our reputation as a partner and provider of fi rst choice for a wide range of audiences including
shareholders, customers, employees and those with whom we do business, as well as society and future generations - all of whom expect us to engage with them, listen to them and evolve with them to meet their changing expectations.
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