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Published 1 month 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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