# S-Oil signs 5.5 trillion won PE supply deal with SABIC

S-Oil has signed a five-year contract to supply polyethylene worth approximately 5.5 trillion won to SABIC, a subsidiary of Saudi Aramco, starting January 2026. The PE will be produced at the Shaheen project in Ulsan, which is expected to be completed in the second half of 2026.

- Type: Contract
- Announced: 2026-01-27
- Where: Ulsan, South Korea
- Value: $3.70B (5500.0B KRW)
- Status: announced
- Products: polyethylene (PE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [S-Oil](https://endata.com/companies/4128.md)
- [SABIC](https://endata.com/companies/3200.md) (customer)
- [S-Oil](https://endata.com/companies/4128.md) (supplier)
- [Saudi Basic Industries Corp.](https://endata.com/companies/40075.md) (customer)

## Sources

- [sedaily.com](https://www.sedaily.com/article/20006956), 2026-02-09: "이번 계약은 샤힌 프로젝트 PE 제품의 글로벌 시장 진출을 본격화하는 중요한 이정표"
- [hankyung.com](https://www.hankyung.com/article/202602094566L), 2026-02-09: "S-Oil(010950)은 폴리에틸렌(PE) 공급계약에 관한 단일판매ㆍ공급계약체결 을 09일에 공시했다."
- [topic.echemi.com](https://topic.echemi.com/news/s-oil-signs-b-deal-to-supply-pe-to-sabic_0cfdac80-8909-4c42-8ebc-d09afe0f5551), 2026-02-10: "S-Oil has signed a $3.7 billion contract to supply polyethylene (PE) to Sabic, with the agreement extending through December 2030."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.