# 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.

- Type: Acquisition
- Announced: 2024-05-08
- Where: Bukom Island and Jurong Island, Singapore, Singapore
- Status: announced
- Capacity: 237,000 barrels of oil per day (refinery); 1.1 million metric tons per year (ethylene cracker)
- Products: crude oil refining, ethylene, downstream chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [PT Chandra Asri Pacific Tbk](https://endata.com/companies/77313.md) (acquirer)
- [Shell Singapore Pte](https://endata.com/companies/77314.md) (target)
- [CAPGC Pte. Ltd.](https://endata.com/companies/77315.md) (partner)

## Sources

- [idnfinancials.com](https://www.idnfinancials.com/cn/news/49761/tpia-and-glencore-to-acquire-shell-energy-and-chemicals-park-singapore), 2024-05-08: "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."

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