Shaheen Project - My Project Note

08/09/2026S-OIL Reaffirms Early-2027 Startup Target for Shaheen Project

South Korea’s S-OIL reportedly stated during an August 3, 2026 conference call that it would make “every effort to begin commercial operation in early 2027 with no change in schedule” for its Shaheen Project under construction at the Onsan National Industrial Complex in Ulsan. The Shaheen Project is South Korea’s largest new petrochemical investment, developed […]

31/08/2026S-Oil to Invest KRW 263 Billion in Gas Turbine Generator Expansion at Onsan Plant in Ulsan, Raising Self-Generation Ratio to 42%

S-Oil has announced that it will invest KRW 263 billion to expand its natural gas self-generation facilities, specifically gas turbine generators (GTG), at its Onsan plant in Ulsan. It is reported that once the expansion is complete, the plant’s self-generation ratio will rise from the current level of approximately 10% to 42%. Through this investment, […]

24/08/2026S-OIL’s Shaheen Project Nears Mechanical Completion Verification Ahead of World-First TC2C Technology Commercialization

S-OIL’s 9.258 trillion won Shaheen Project in Ulsan, which will apply TC2C (Thermal Crude to Chemicals) technology commercially for the first time in the world, is currently undergoing mechanical completion verification, it is reported. The target for commercial operation remains unchanged at early 2027. The Shaheen Project is the world’s first commercial application of the […]