Latest news with #AsterChemicals
Reuters
09-05-2025
- Business
- Reuters
Singapore's Sembcorp signs contracts for energy and utilities projects worth over $500 million
May 9 (Reuters) - Singapore's Sembcorp ( opens new tab on Friday said it will provide gas, power and utilities solutions to Aster Chemicals and Energy for a total contract value of over S$650 million ($500.23 million). ($1 = 1.2994 Singapore dollars)
Reuters
07-05-2025
- Business
- Reuters
Aster to acquire Chevron Phillips Singapore Chemicals
Companies Show more companies SINGAPORE, May 7 (Reuters) - Aster Chemicals and Energy will acquire Chevron Phillips Singapore Chemicals through its affiliate Chandra Asri Capital, the company said in a press release on Wednesday. Chevron Phillips Singapore Chemicals currently operates a 400,000 metric ton per year (tpy) polyethylene facility a building block in Singapore's Jurong Island. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Polyethylene is a type of plastic resin used in the packaging, construction and medical industries. "This acquisition represents a key achievement for Aster, supporting our strategic goals with new capabilities and strengthening our offerings to customers," the CEO of Singapore-based Aster Chemicals and Energy, Erwin Ciputra, said. The company did not reveal the investment value of this acquisition. Last month, Aster Chemicals and Energy, a joint venture between Chandra Asri and Glencore (GLEN.L), opens new tab, completed its purchase of Shell's Singapore refinery and refining assets.
