# Aster Chemicals and Energy to acquire Chevron Phillips Singapore Chemicals

Aster Chemicals and Energy, through its affiliate Chandra Asri, has reached a sales and purchase agreement to acquire Chevron Phillips Singapore Chemicals (CPSC), which owns a 400,000 t/yr HDPE plant on Singapore's Jurong Island. The sum is undisclosed.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Jurong Island, Singapore, Singapore
- Status: announced
- Capacity: 400,000 t/yr HDPE
- Products: high-density polyethylene (HDPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Chevron Phillips Chemical](https://endata.com/companies/9058.md) (partner)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (partner)
- [Aster Chemicals and Energy](https://endata.com/companies/76420.md) (acquirer)
- [Chandra Asri](https://endata.com/companies/76421.md) (acquirer)
- [Chevron Phillips Singapore Chemicals](https://endata.com/companies/76422.md) (target)
- [EDB Investments](https://endata.com/companies/76423.md) (partner)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2685653-aster-to-acquire-chevron-phillips-singapore-chemicals), 2024-03-25: "Aster Chemicals and Energy has reached a sales and purchase agreement to acquire Chevron Phillips Singapore Chemicals (CPSC), which owns a 400,000 t/yr high-density polyethylene (HDPE) manufacturing facility on Singapore's Jurong Island."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.