Published 2 years ago • loading... • Updated 2 years ago
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Chandra Asri Capital and Glencore Asian Holdings.
The sale transfers Shell's interest to the joint venture company CAPGC, ensuring continuity for staff and operational reliability.
CAPGC is majority-owned by Chandra Asri Group and minority-owned by Glencore, with Shell's assets including a refinery and ethylene plant in Singapore.