Published 3 months 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.

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Reuters

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore.

3 months ago·United Kingdom

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The Star Kuala Lumpur

Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore

SINGAPORE: Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Indonesia's Chandra Asri Capital and Glencore Asian Holdings.

3 months ago·Malaysia

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South China Morning Post

Oil giant Shell sells off Singapore refinery it built over 60 years ago

The sale of Shell’s assets in Singapore include the refinery on Bukom island, which opened in 1961, and a plant that produces mono-ethylene glycol on Jurong island.

3 months ago·Hong Kong

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Channel News Asia

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

SINGAPORE: Shell said on Wednesday (May 8) it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Gold

3 months ago·Singapore

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Infobae

Shell vende activos en Singapur a una 'joint venture' de Glencore y Chandra

Shell venderá su participación en el Parque Energético y Químico de Singapur a CAPGC, una empresa conjunta entre Chandra Asri Capital y Glencore Asian Holdings, según han informado la compañía sin revelar los detalles financieros de la transacción. La venta, que podría completarse a finales de 2024, se ha materializado tras un proceso de licitación competitivo, después de que Shell anunciara en junio de 2023 una revisión estratégica de sus activ…

3 months ago·C A B A, Argentina

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News24

Shell sells Singapore assets to Glencore joint venture

Shell has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore and Indonesia’s PT Chandra Asri Pacific.

3 months ago·South Africa

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