Beginning of petrochemical project by Hyundai E&C
23. March 2023Hyundai Engineering & Construction and Hyundai Engineering have formally launched a project to construct the most extensive petrochemical facilities to date in Ulsan, South Korea, known as the “Shaheen Project.” S-Oil, a South Korean oil refiner, invested around 9.3 trillion won ($7 billion), the largest investment by Aramco, a Saudi Arabian state-owned oil and gas firm and S-Oil’s primary shareholder, in Korea. The facilities will manufacture high-density and linear low-density polyethylene on a large scale, including a steam cracker complex producing ethylene, a crucial raw material for petrochemical products. Explosion proof products from this branche need a KCs Mark for explosion safety products to import or market them in Korea.
This project is expected to increase S-Oil’s petrochemical business share from 12% to 25%. The project will incorporate the thermal crude-to-chemicals technology developed by Aramco for the first time, converting low-value oil into raw materials for value-added manufacturing, making it the world’s most significant project of its kind. Hyundai E&C will collaborate with Hyundai Engineering, Lotte Engineering & Construction, and DL E&C as its primary construction partners.
The project will be divided into three stages: constructing the steam cracker complex and TC2C equipment, setting up high-density chemical production plants, and installing tanks. The project is expected to be completed by 2026.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like
KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration.
Tel. Europe: +49-69-271 37 69 261 Tel. US: +1 773 654-2673
Email: info@korea-certification.com
For more information you can download our free brochure “Korea Certification Made Easy – The Booklet“.
