Aster to acquire Chevron Phillips Singapore Chemicals
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Aster Chemicals and Energy will acquire Chevron Phillips Singapore Chemicals through its affiliate Chandra Asri Capital. The acquisition includes a 400,000 metric ton per year polyethylene facility in Singapore. CEO Erwin Ciputra stated that this acquisition aligns with Aster's strategic goals and enhances customer offerings. The investment value was not disclosed. This follows Aster's recent purchase of Shell's Singapore refinery and assets.
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