February 09, 2026 [Offshore Engineer]- Hengli Group, the parent company of China’s Hengli Petrochemical, announced a new trading office for Hengli in Dubai. Hengli Group said in a message that the ‘new office in Dubai will allow Hengli to allocate resources more efficiently and expand its market coverage.

Hengli Group announced that Li Maohong will be in charge of the office.

According to his LinkedIn profile, Li has been in charge of Hengli Singapore’s proprietary trading since the year 2025. He was previously a senior oil broker with state-run Sinochem and established Hengli Petrochemical International, Singapore in 2018.

A source familiar with the expansion told an industry source that the new office would start out with five trading and support roles.

Another source familiar with the development stated that the office will trade oil and petrochemicals.

Asian chemical and energy companies often have offices in Singapore and Dubai to be closer to Middle Eastern producers and European consumers.

Chinese conglomerate Hengli, headquartered in eastern Jiangsu province, ?operates a 400,000-barrel-per-day refinery and petrochemical complex in the northeast port city of Dalian. Reporting by Chen Aizhu in Singapore, Siyi Liu in Beijing and Florence Tan at the Petrochemical Complex of Dalian. Editing by Harikrishnan Nair.