Communicator

Construction is under way for S-Oil's $7 billion Shaheen petrochemical project in Ulsan (Credit: S-Oil)

Ulsan, South Korea – February 17, 2025 – S-Oil, a leading South Korean refiner, has announced that its $7 billion Shaheen petrochemical project in Ulsan has reached 55% completion in engineering, procurement, and construction. This major initiative, featuring one of the world’s largest integrated steam crackers, is on track for mechanical completion in the first half of 2026, with commercial operations starting in the second half. Utilizing thermal crude-to-chemicals (TC2C) technology developed with Saudi Aramco and Lummus Technology, the project will produce 1.8 million tons of ethylene annually, doubling S-Oil’s petrochemical output to 25% and boosting South Korea’s economy with up to 17,000 jobs during peak construction.

#soil  #aramco  #lummus  #southkorea  #korea  #shaheen  #tc2c  #crudeoiltochemicals  #oiltochemicals  #steamcracking  #ethylene  #ulsan 

A detailed description of the TC2C crude oil to chemical conversion process has been added.


#lummus  #aramco  #clg  #chevronlummusglobal  #crudeoiltochemicals  #oiltochemicals  #refineryintegration  #steamcracking  #lpg  #naphtha  #olefins  #aromatics  #ctc  #cotc  #coc  #tc2c  #c2c 

Saudi Arabian Oil Co., DHAHRAN, 17^th Nov 2022, Aramco affiliate S-OIL to build one of the world’s largest petrochemical crackers in South Korea

Aramco is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company’s strategy to maximize the crude to chemicals value chain.

The $7 billion Shaheen project aims to convert crude oil into petrochemical feedstock and would represent the first commercialization of Aramco and Lummus Technology’s TC2C thermal crude to chemicals technology, which increases chemical yield and reduces operating costs. It follows an earlier $4 billion investment into the first phase of the petrochemical expansion completed in 2018.

Located at S-Oil’s existing site in Ulsan, the new plant is planned to have the capacity to produce up to 3.2 million tons of petrochemicals annually and include a facility to produce high-value polymers. The project is expected to start in 2023 and be completed by 2026.

The steam cracker is expected to process by-products from crude processing, including naphtha and off-gas, to produce ethylene — a building block petrochemical used to make thousands of everyday items. The plant is also expected to produce propylene, butadiene and other basic chemicals.

#shaheen  #soil  #petrochemicals  #tc2c  #oiltochemicals  #crudeoiltochemicals  #southkorea  #aramco  #steamcracker  #ulsan  #thermalcrudetochemical  #naphtha 

Haldia Petrochemicals, a company based in Kolkata, India, produces polymers and chemicals.

The company has decided to invest in an oil-to-chemicals project in Tamil Nadu.

ABOUT THE PROJECT:
☑ Capacity - 3.5 million tonnes of ethylene and propylene
☑ Cost - $10 Billion

BENEFITS:
Ethylene and propylene are used to make
☑ Shopping bags
☑ Car parts
☑ Water pipes

Navanit Narayan, CEO of Haldia Petrochemicals, said:
"The project will convert crude oil into chemicals to meet the growing demand for polymers in the country."

Source: Governance TamilNadu Linkein Post, April 1^st, 2024

#india  #oiltochemicals  #ethylene  #propylene