Glencore and PT Chandra Asri Pacific discuss acquiring Shell's Singapore assets for $1bn, with Chandra Asri potentially becoming the operator and majority owner.
Glencore and PT Chandra Asri Pacific are reportedly in advanced talks to acquire Shell's Singapore assets for around $1bn. If successful, Chandra Asri could become the operator and majority owner, with Glencore holding a non-operating minority stake. The assets include a refinery, a monoethylene glycol production facility, and an ethylene plant on Pulau Bukom. The deal announcement may be imminent.
May 03, 2024
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