Lotte Construction Takes First Step in Largest Ever Petrochemical Project, 'Shahin Project'

On the 9th, Lotte Construction announced on the 10th that it has officially commenced construction with the groundbreaking ceremony for the 'Shahin Project,' the largest petrochemical project in South Korea, commissioned by S-Oil.

The groundbreaking ceremony was attended by Lotte Construction Vice Chairman Park Hyun-chul, Hyundai Construction CEO Yoon Young-jun, DL E&C CEO Ma Chang-min, and Hussein Al Qatani, CEO of the host company S-Oil.

The Shahin Project, in which Lotte Construction is participating as the main contractor, is the largest petrochemical project in South Korea's history, establishing production facilities for petrochemical products including ethylene (EL) and polyethylene (PE) in the Ulsan area.

Lotte Construction is participating in the project as part of a consortium with Hyundai Construction and Hyundai Engineering. On November 17 last year, they signed a contract to be the EPC (Engineering, Procurement, and Construction) contractor for the Shahin Project, and through this groundbreaking ceremony, they plan to carry out the construction successfully.

The entire project is scheduled for completion in June 2026, after which it will produce 1.8 million tons of ethylene, 400,000 tons of high-density polyethylene, and 800,000 tons of linear low-density polyethylene annually.

Lotte Construction is involved in Package 2 and Package 3 of this project.

In Package 2, facilities will be constructed to produce high value-added synthetic resin products using ethylene. Additionally, pipeline facilities and an automated warehouse necessary to connect the existing S-Oil plant and the new plant will be built. The automated warehouse to be installed this time is the largest in South Korea, expanding storage capacity for shipped products while maximizing work efficiency through inventory management via an automated system and multi-product shipping.

In Package 3, 21 tank facilities will be constructed to store raw materials and products such as LPG, ethylene, and propylene.

A Lotte Construction official stated, “As a contractor participating in the largest petrochemical project in South Korea, we will exert all our capabilities to successfully complete the project.”

This content was produced with the assistance of AI translation services.