# 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.

- Type: Acquisition
- Announced: 2025-05-06
- Where: Jurong Island, Singapore, Singapore
- Jobs: 150
- Status: announced
- Capacity: 400 KTA
- Products: high-density polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Chevron Phillips Chemical](https://endata.com/companies/9058.md)
- [Chevron Phillips Chemical](https://endata.com/companies/9058.md) (partner)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (partner)
- [Glencore](https://endata.com/companies/22952.md) (investor)
- [Aster Chemicals and Energy](https://endata.com/companies/76420.md) (acquirer)
- [Chandra Asri](https://endata.com/companies/76421.md) (investor)
- [Chevron Phillips Singapore Chemicals](https://endata.com/companies/76422.md) (target)
- [EDB Investments](https://endata.com/companies/76423.md) (partner)
- [Chandra Asri Capital](https://endata.com/companies/84573.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20250506776717/en/CPChem-agrees-to-sell-interest-in-Singapore-polyethylene-manufacturing-joint-venture), 2025-05-07: "CPChem agreed to sell 100% of their shares to Aster Chemicals and Energy through its affiliate Chandra Asri."
- [reuters.com](https://www.reuters.com/business/energy/aster-acquire-chevron-phillips-singapore-chemicals-2025-05-07/), 2025-05-07: "This acquisition represents a key achievement for Aster, supporting our strategic goals with new capabilities and strengthening our offerings to customers."
- [ogj.com](https://www.ogj.com/refining-processing/petrochemicals/article/55288780/cpchem-inks-deal-to-shed-singapore-petrochemical-complex), 2025-05-07: "CPChem and partners have entered a deal to sell jointly owned Chevron Phillips Singapore Chemicals Pte. Ltd."

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