Shell Singapore Pte Ltd, a subsidiary of Shell plc, has successfully completed the previously announced sale of its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.
The transaction was executed through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a fully owned subsidiary of SSPL incorporated in Singapore.
This divestment aligns with Shell’s strategy to high-grade its Chemicals and Products business while maintaining its commitment to Singapore as a key regional hub for marketing and trading operations.
Employees at Shell Energy and Chemicals Park Singapore will continue their roles under Aster Chemicals and Energy Pte. Ltd.’s new ownership, ensuring continuity for staff and supporting ongoing operational reliability and safety.
For more information visit www.shell.com
