Shell: Chandra Asri & Glencore secure strategic chemical hub in Singapore

Chandra Asri Group and Glencore have finalised the acquisition of Shell Singapore Pte. Ltd. via joint venture CAPGC. The deal secures Aster Energy and Chemicals Park, boosting Chandra Asri's regional presence. It enhances Indonesia's energy security, reduces import reliance, creates jobs, and supports economic growth through repatriated and reinvested profits.