Sembcorp signs $650m deal with Aster for utilities support

Singapore Business Review
2025.05.12 00:21
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Sembcorp Industries has signed a $650 million deal with Aster Chemicals and Energy to provide integrated gas, power, and utilities services for Aster's refining and chemical facilities in Southeast Asia. The agreement includes a six-month MOU for further collaboration in areas such as cogeneration, regional gas procurement, and infrastructure investments. Sembcorp noted that the deal will not significantly impact its earnings per share or net tangible assets for the financial year ending December 31, 2025.