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Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way

Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way

By Swedan Margen

Fashion

Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle

Energy and chemicals player Aster has set aside US$2 billion in investments for the Singapore market, and is still looking at more deals, said its group chief financial officer Andre Khor.

“There are a few other deals in the pipeline,” he told The Business Times in an exclusive interview after the company signed a sustainable aviation fuel deal with Aether Fuels on Tuesday (Nov 11).

“I cannot disclose (the deals due to) confidentiality but, fundamentally, we’ll pull it all together. It’s about unlocking synergies; it’s about integrating Indonesia (and) Singapore,” said Khor.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way | Grazia British