What is the latest status of the project “S-Oil Shaheen Project”?

The status recorded for “S-Oil Shaheen Project” is near completion.

What is the budget and commercial profile for the project “S-Oil Shaheen Project”?

Taiyo normalizes the budget of “S-Oil Shaheen Project” to USD 7227000000.

Where can I verify the source and access all details for “S-Oil Shaheen Project”?

This Taiyo project page references Chosunbiz along with the original URL (https://biz.chosun.com/en/en-industry/2026/05/25/CRUBFFKM3JC45IGLPDAPDXDKHM/). Taiyo standardizes official data into a consistent, searchable project profile.

S-Oil Shaheen Project

Sector: Oil and Gas • Location: Ulsan, South Korea

Source: Chosunbiz

Project

Near Completion

S-Oil is investing more than 9 trillion won to build a large-scale petrochemical complex in Ulsan. The Shaheen project is set to complete its facilities next month, with commercial operations scheduled to begin next year after facility completion and test runs. The project will produce 1.8 million tons of ethylene per year.

Status: Under Construction
Sector: Oil and Gas, Chemical (Industrial), Manufacturing (Industrial), Commercial
Location: Ulsan, South Korea
Updated: 22 Jul 2026
Source: Chosunbiz

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Project Information

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The project “S-Oil Shaheen Project” is an infrastructure initiative in the Oil and Gas sector, located in Ulsan, Ulsan, South Korea. Taiyo aggregates data on it from Chosunbiz.

Participants

Not available for this record.

Status

Original status	near completion
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	S-Oil is investing more than 9 trillion won to build a large-scale petrochemical complex in Ulsan. The Shaheen project is set to complete its facilities next month, with commercial operations scheduled to begin next year after facility completion and test runs. The project will produce 1.8 million tons of ethylene per year.
Original sector	Industrial
Budget

Location

Country	South Korea
State	Ulsan
City	Ulsan

Source

Source	Chosunbiz
URL

More Details

Record type	Project
Sector	Oil and Gas, Chemical (Industrial), Manufacturing (Industrial), Commercial
Article published date	2026-05-27

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S-Oil Shaheen Project

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