S-Oil's Shaheen project to boost Korea's petrochemical competitiveness
S-Oil said Tuesday that its Shaheen project, a massive petrochemical facility expansion which is under construction with commercial operations targeted for next year, will help strengthen the global competitiveness of Korea’s petrochemical industry. The company said the project could help the industry shift toward higher-value products by introducing advanced technologies and highly efficient…
S-Oil announced on Tuesday that its Shaheen project, a large-scale petrochemical expansion currently under construction, will bolster the global standing of South Korea's petrochemical sector. The company highlighted how the initiative could drive the industry towards generating higher-value products by incorporating cutting-edge technology and highly efficient facilities, as the sector contends with an abundance of supply and decreasing profitability.
S-Oil explained that the Shaheen project is being constructed with a production base prioritizing cost competitiveness, energy efficiency, and adaptability in feedstock utilization. The project will incorporate the world's inaugural commercial implementation of thermal crude-to-chemicals (TC2C) technology, which converts crude oil and low-value refining byproducts into petrochemical feedstocks.
This system merges high-efficiency facilities with process optimization technologies to enhance feedstock and energy efficiency. Further enhancements are anticipated to slash carbon emissions by over 20 percent compared to the original design.
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