S-OIL Completes TS&D Center Construction... Leading 'Shahin' Technology Competitiveness

On the 23rd, S-OIL held a completion ceremony for the TS&D Center at the Magok Industrial Complex in Gangseo-gu, Seoul, and announced plans to strengthen technological development capabilities in future business areas for sustainable growth.

The S-OIL TS&D Center was completed as a technology development research building with a total floor area of 36,700㎡, consisting of 4 above-ground floors and 2 basement levels, with a total project cost of 144.4 billion KRW (Phase 1: 38.3 billion KRW, Phase 2: 106.1 billion KRW).

Equipped with advanced research facilities, office spaces, a large auditorium, and a promotional hall, it plays a pivotal role in developing high-quality, high value-added petrochemical and lubricant products, as well as technologies in the low-carbon new energy sector, alongside the Polymer Research Building and Lubricant Research Building completed in 2017.

The company plans to continuously expand its research personnel to strengthen R&D capabilities following the center’s completion.

S-OIL CEO Anwar Al-Hejazi stated, “The TS&D Center will be a cradle of creative technological competitiveness that leads sustainable future growth by minimizing environmental and consumer safety impacts to meet consumer expectations for high-quality, eco-friendly products.”

Park Deok-yeol, Director of Investment Policy at the Ministry of Trade, Industry and Energy, added, “We expect the center to play a significant role as the heart of the Korea-Saudi Shahin Project, achieving the world’s largest scale and highest level of energy efficiency,” and “hope it will serve as an opportunity to strengthen the core capabilities of the domestic petrochemical industry and accelerate the transition to eco-friendly technologies.”

S-OIL officials are cutting the ribbon at the TS&D Center completion ceremony.

After the completion of the Shahin Project in 2026, the S-OIL TS&D Center is expected to play a key role in strengthening new technology capabilities in the olefin downstream sector.

It will be responsible for developing various products and providing technical support tailored to customer needs, such as high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE).

Additionally, it will lead research and development related to existing internal combustion engine lubricants and new technologies for lubricants for electric vehicles and hydrogen vehicles, as well as fluid products used to cool servers and electric vehicle batteries, which are expected to open new markets.

In preparation for decarbonization and energy transition, the center will also establish a technological development foundation in new energy fields strategically pursued by S-OIL, including clean hydrogen, ammonia, and biofuels.

S-OIL stated that with the active support of its major shareholder Aramco, the successful completion of the TS&D Center in Seoul, where talent attraction is facilitated, is expected to securely establish the technological competitiveness of the Shahin Project.

The Shahin Project is S-OIL’s petrochemical expansion business. It involves an investment of 9.258 trillion KRW, the largest scale in the history of domestic petrochemicals, and is the largest investment by Aramco in Korea to date.

S-OIL TS&D Center.

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