Chevron Phillips Chemical sells Singapore polyethylene JV stake to Aster Chemicals

Chevron Phillips Chemical agreed to sell its 100% interest in Chevron Phillips Singapore Chemicals (CPSC) to Aster Chemicals and Energy, a joint venture between Chandra Asri and Glencore. CPSC operates a 400 KTA HDPE plant on Jurong Island, Singapore.

“CPChem agreed to sell 100% of their shares to Aster Chemicals and Energy through its affiliate Chandra Asri.”businesswire.com

• 3 sources
• businesswire.comCPChem agrees to sell interest in Singapore polyethylene manufacturing joint ventureNews inquiriesMay 7, 2025
• reuters.comAster to acquire Chevron Phillips Singapore ChemicalsMay 7, 2025
• ogj.comCPChem inks deal to shed Singapore petrochemical complex | Oil & Gas JournalRobert BrelsfordMay 7, 2025

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