Shell Singapore sells Energy and Chemicals Park to CAPGC

This involved the sale of shares in Aster Chemicals and Energy Pte. Ltd.

Shell Singapore Pte Ltd (SSPL), a subsidiary of Shell plc, has successfully completed the 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 carried out through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a fully-owned SSPL subsidiary incorporated in Singapore.

The divestment aligns with Shell's ongoing strategy to refine and streamline its chemicals and products business. Despite the sale, Shell said it remains committed to Singapore, maintaining its role as a key regional hub for the company’s marketing and trading operations.

Employees at Shell's Energy and Chemicals Park Singapore will continue working with Aster Chemicals and Energy Pte. Ltd. under the new ownership.

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