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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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.
·United Kingdom
Read Full ArticleShell 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.
·Malaysia
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Leaning Left3Leaning Right3Center8Last UpdatedBias Distribution57% Center
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- 57% of the sources are Center
57% Center
L 21%
C 57%
R 21%
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