Published on August 23, 2018
S-Oil (Seoul, South Korea), a large producer of aromatics majority-owned by Saudi Aramco, will be carrying out a feasibility study to build a mixed-feed cracker with a capacity of 1.5 million metric tons/year (MMt/y) as well as downstream petrochemical units. The project, which will require an investment of more than 5 trillion South Korean won ($4.46 billion), forms part of S-Oil’s phase-two investment to expand its petrochemical business. It aims to complete the investment by 2023.
The steam cracker will produce ethylene and other basic petrochemicals from naphtha and off-gas that is currently burned as fuel in the company's refinery.
