Contributions to Job Creation Through the "Shaheen Project"
The Only One in the Refining and Petrochemical Industry... "Field-Oriented Leadership"
Anwar Al Hizazi, CEO of S-Oil, has received the 55th "Korea CEO Award." This recognition was given for his successful leadership of the large-scale refining·petrochemical integration project "Shaheen," which contributed to the advancement of domestic industry and made significant social contributions.
On May 23, S-Oil announced that CEO Al Hizazi had been awarded the Korea CEO Award, organized by the Korea Management Association (KMA). Established in 1969, this award selects recipients based on management performance and social responsibility, following a review by experts from academia and industry.
CEO Al Hizazi was recognized for his role in leading the "Shaheen" project, the largest petrochemical facility project in Korea with an investment of 9.258 trillion won, contributing to job creation and revitalization of the local economy. This project, located in the Onsan National Industrial Complex in Ulju-gun, Ulsan, involves more than 17,000 workers each day and aims for mechanical completion in the first half of next year. Notably, this project is the first in the world to apply the new "TC2C (Thermal Crude to Chemicals)" technology, which directly converts crude oil into chemical products, thereby maximizing the efficiency of the refining process.
S-Oil is currently carrying out the Shaheen project, the largest facility project in the domestic petrochemical industry, with an investment of 9.258 trillion won. More than 17,000 workers are involved each day, and the project aims for mechanical completion in the first half of next year. The project focuses on enhancing the efficiency of the refining process by introducing the TC2C technology, which converts crude oil into chemical products, for the first time in the world.
In addition, CEO Al Hizazi has strengthened customer-centric marketing using S-Oil's character "GooDoil," enhancing brand competitiveness, and has established an environmental·social·governance (ESG) management system. S-Oil is the only Asian refiner to be listed on the Dow Jones Sustainability Index (DJSI) World for 15 consecutive years.
In his acceptance speech, he said, "It is an honor to be recognized alongside many CEOs who have left a meaningful mark on the Korean economy," and added, "This award is thanks to the passion and efforts of all S-Oil employees."
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