• S-Oil is building the KRW 9 trillion-plus Shaheen Project petrochemical complex in Ulsan, targeting commercial operations in 2027.
• Project will convert crude oil into basic chemicals, including ethylene, using TC2C technology to upgrade low-value byproducts into feedstock.
• Facilities are designed to cut carbon emissions by more than 20% through waste-heat recovery.
• Flexible feedstock capability aims to reduce exposure to naphtha supply volatility tied to Middle East geopolitical risk.
• Output will be supplied by pipeline to nearby Ulsan petrochemical plants, supporting import substitution for downstream producers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. S-Oil Corporation published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.