Shell Singapore Pte Ltd. (SSPL) has successfully completed the sale of its Energy and Chemicals Park in Singapore to the CAPGC joint venture. This transaction is part of Shell’s efforts to focus on improving the quality and efficiency of its chemicals business . The sale, completed through a share transfer of Aster Chemicals and Energy Pte. Ltd., represents a key step in Shell’s strategy to enhance its presence in the region.
Shell sells its refinery and strengthens its presence in Asia-Pacific
With this previously announced sale, CAPGC, a strategic alliance between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings, becomes the new owner of the Singapore Energy and Chemicals Park. This partnership strengthens CAPGC’s capability in the production of high-quality chemical solutions, expanding its reach in the Asia-Pacific market.
Despite the change of ownership, Aster Chemicals and Energy Pte. Ltd. staff will continue to work under the new management. This ensures operational continuity and commitment to industrial safety and reliability at the Singapore facility.
Shell continues to play a crucial role in supplying energy products to Singapore, a key hub for its energy trading and marketing activities. Shell also continues to invest in renewable energy infrastructure , including electric vehicle charging and liquefied natural gas (LNG) supply.
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Source: Shell
Photo: Shutterstock
