Chandra Asri and Glencore to acquire Shell Energy and Chemicals Park Singapore

PT Chandra Asri Pacific Tbk (TPIA) and Glencore PLC, through joint venture CAPGC Pte. Ltd., have signed an agreement to acquire Shell Singapore's entire stake in Shell Energy and Chemicals Park Singapore, including a 237,000 bpd refinery and a 1.1 million metric ton per year ethylene cracker.

“This acquisition is a success from our programmed M&A strategy to be the leading chemical and infrastructure in the region and further strengthen our business resilience.”idnfinancials.com

• 1 source
• idnfinancials.comTPIA and Glencore to acquire Shell Energy and Chemicals Park Singapore | IDNFinancialsNina Rosdiana, Kholid Rafsanjani, Zetta HannanyMay 8, 2024

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