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Saudi Aramco has laid the foundation stone for the Shaheen petrochemical project in Ulsan, South Korea, at a total value of $7 billion. Shaheen is Aramco’s biggest investment in Korea to date, and it is planned to be one of the world’s largest integrated steam crackers.
It is also the first large-scale commercial application of Aramco’s thermal crude-to-chemicals technology, which was developed in conjunction with Lummus Technology.
The first large-scale commercial application of Aramco’s thermal crude-to-chemicals technology
The newly constructed plant is expected to have a capacity of up to 3.2 million tonnes of petrochemicals per year, as well as a facility for producing high-value polymers. The project is scheduled to be completed in 2026.
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