S-OIL to build R&D center in Seoul for advances into downstream petrochemical

21-Feb-14

S-OIL plans to build the world’s best technical service & development center in the Magok Industrial Complex in Seoul. S-OIL’s Technical Service & Development Center will ramp up its R&D function essential for its advance into the downstream petrochemical area. S-OIL pushed to build Technical Service & Development Center to bolster its R&D function, which will play a pivotal role in its refining and petrochemical downstream businesses. The refiner plans to conduct research on technologies related to high value-added petrochemical materials by using basic petrochemicals produced by upgrading facilities. “With the construction of Technical Service & Development Center in Magok, S-OIL will beef up its R&D capability, which is essential for the success of our new project, the largest size ever since the company’s foundation, as well as the key to our advance into the petrochemical downstream field,” said CEO Al-Mahasher. “We will conduct research activities to the highest standard in and out of the country in the petrochemical material field by making the best use of high-quality infrastructure for R&D activities in Seoul, which is the heart of the economy, academic study, and culture”