In Focus: Saudi Aramco and S-Oil to collaborate on a steam cracker and derivatives project in Ulsan, South Korea

On 26 June 2019, the two companies signed a Memorandum of Understanding (MOU) to collaborate on a US$6 billion steam cracker & olefin downstream project which is expected to be completed by 2024. The agreement also includes the implementation of Saudi Aramco's Thermal Crude-to-Chemicals (TCTC) technology. For further insight on ethylene assets around the world, navigate to the ethylene asset cost tool - The ethylene asset cost tool enables the user to view detailed asset level commercial information on the ethylene industry. It combines Wood Mackenzie's leading analysis from NGL, refining, coal and chemical services.