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

The status recorded for “S-Oil's Shaheen Project” is Under Construction.

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

Taiyo normalizes the budget of “S-Oil's Shaheen Project” to USD 5147230.

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

This Taiyo project page references Korea Times along with the original URL (https://www.koreatimes.co.kr/www/tech/2025/02/129_392400.html). Taiyo standardizes official data into a consistent, searchable project profile.

S-Oil's Shaheen Project

Sector: Chemical (Industrial) • Location: Ulsan, South Korea

Source: Korea Times

Project

Under Construction

S-Oil’s Shaheen project is set to become a key driver of growth for the domestic petrochemical industry, which is grappling with slowing global demand, large-scale capacity expansions in China and persistent regional oversupply. The project involves building a thermal crude-to-chemicals facility and a steam cracker for ethylene production at S-Oil’s Ulsan Complex.

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

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The project “S-Oil's Shaheen Project” is an infrastructure initiative in the Chemical (Industrial) sector, located in Ulsan, Ulsan, South Korea. Taiyo aggregates data on it from Korea Times.

Participants

Not available for this record.

Status

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

Contact

Not available for this record.

Description

Description	S-Oil’s Shaheen project is set to become a key driver of growth for the domestic petrochemical industry, which is grappling with slowing global demand, large-scale capacity expansions in China and persistent regional oversupply. The project involves building a thermal crude-to-chemicals facility and a steam cracker for ethylene production at S-Oil’s Ulsan Complex.
Original sector	Petrochemical
Budget

Location

Country	South Korea
State	Ulsan
City	Ulsan

Source

Source	Korea Times
URL

More Details

Record type	Project
Sector	Chemical (Industrial), Commercial, Oil and Gas, Manufacturing (Industrial), Geothermal, Warehouse
Article published date	2025-02-28

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