MOSCOW (MRC) -- S-OIL Corporation has selected Univation's UNIPOLPE Technology for three world-scale production lines to be located at S-OIL's site at Ulsan, the Republic of Korea, said the company.
Each line is designed to achieve a nameplate capacity of 400,000 tons per annum for a combined polyethylene (PE) production capacity of 1,200,000 tons per annum.
The design basis for these three lines enables S-OIL to access the full-density flexibility of the UNIPOL PE Process platform. This flexibility enables S-OIL with production capabilities to satisfy a wide range of demand for essential HDPE and LLDPE applications for both domestic consumption as well as global export market needs. S-OIL has further elected to access Univation's advanced product portfolio covering both HDPE and LLDPE applications.
S-OIL will also use Univation's PREMIER APC+ 3.0 platform which delivers advance process control capabilities further enhancing the overall operating performance of all three UNIPOL PE Process lines. Univation developed the APC+ 3.0 platform specifically for the UNIPOL™ PE Process to enable superior operational control that allows the optimizing of raw material utilization, maximization of production rates, and provides for seamless product grade transitions. Additionally, S-OIL has elected to utilize the UNIPOL PE Process Virtual Plant Simulator software. The UVPS training platform is designed to deliver realistic operation training experiences allowing S-OIL to train its entire staff on all essential unit operations related to the UNIPOL PE Process including both routine and non-routine operating conditions.
Luis Cirihal, president of Univation Technologies, commented, "We are delighted to have been selected as the PE technology licensor by S-OIL Corporation for these three world-scale UNIPOL PE Plants, and it is our privilege to build upon the close collaborative business relationships already established with the S-OIL team throughout all aspects of this project – from initial design, through a safe, successful start-up, and continuing into steady-state production". Luis continued, "One of the key tenets of Univation focuses on establishing life-long collaborative relationships with our customers – and we look forward to deepening the relationships that have already been created to further support S-OIL in realizing their key business objectives through maximizing the benefits derived from this new significant source of polyethylene".
We remind, S-Oil has started building its crude-to-chemicals project in Ulsan which is expected to provide won (W) 3tr (USD2.3bn) in added value to the northeast Asian economy. A groundbreaking ceremony was conducted on 9 March for the project called Shaheen - Arabic word for falcon - which should generate up to 17,000 jobs during peak construction, and after start-up, should support more than 400 jobs, S-Oil said in a statement. The company is over 63%-owned by Saudi Aramco through its subsidiary Aramco Overseas Co.
S-OIL was established in 1976 and cultivated management characteristics with a mobility to match the international generation, and a management strategy for its profit-base to grow as a competitive oil-refining company. The company has facilities that produce lube base oil, petro-chemical products, and crude oil refining facilities of 677,000 barrels a day in Ulsan, a metropolitan city in the southeast of the Republic of Korea.