HomeNewsS-OIL Flying High with SHAHEEN Project for Expansion into Petrochemicals

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S-OIL Flying High with SHAHEEN Project for Expansion into Petrochemicals

3/10/2023

Press Release - S-Oil    S-OIL held a groundbreaking ceremony at the largest-ever domestic petrochemical project ‘SHAHEEN’ at the Ulsan Refinery.  The Company is investing 9.258 trillion Won in the construction of the complex scheduled to be completed in 2026.    ● S-OIL lays the foundation for sustainable growth to innovate across clean energy and chemicals      - Next generation facilities producing 1,800 KTA of ethylene and feedstock for plastic production     - Power generation based on waste heat recovery, energy efficiency improvement, and carbon reduction  ● Major shareholder Aramco approved its largest-ever investment in Korea      - Invests over 14 trillion Won into ‘crude

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