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, an expansive petrochemical facility under construction with commercial operations slated for the following year, will enhance the global competitiveness of South Korea's petrochemical industry. This initiative aims to shift the sector towards higher-value products by incorporating advanced technologies and highly efficient facilities, as the industry contends with an oversupply and declining profitability.
According to S-Oil, the Shaheen project is being developed with a production base centered on cost competitiveness, energy efficiency, and flexibility in feedstock utilization. The project will incorporate the world's first commercial utilization of thermal crude-to-chemicals (TC2C) technology, which transforms crude oil and low-value fractions from the refining process into petrochemical feedstocks.
This system merges high-efficiency facilities with process optimization technologies to enhance feedstock and energy efficiency. Anticipated improvements include a reduction in carbon emissions of over 20 percent from the original design.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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