S-Oil invests W9tr into Korean petrochemical revival

S-Oil is betting 9 trillion won ($6.4 billion) on its Shaheen Project to sharpen the cost, energy and supply-chain competitiveness of Korea’s struggling petrochemicals industry. According to the company on Tuesday, the Shaheen Project marks the world’s first commercial deployment of thermal crude to chemicals technology, which converts crude oil and low-value refinery fractions directly into high-value petrochemical feedstocks. The facility drastically improves raw material and energy utilizatio