Shell to sell Singapore refinery and petrochemical assets to Chandra Asri and Glencore
May 8, 2024
Shell said on Wednesday that it has agreed to sell its Singapore refinery and petrochemical assets – Asia’s main oil hub – to a joint venture between Indonesia’s Chandra Asri Capital and Glencore Asian Holdings.
The transaction will see Shell’s entire stake in Shell Energy and Chemicals Park Singapore transferred to the joint venture CAPGC, Shell said in a statement.
