Shell Singapore Pte Ltd (SSPL), a subsidiary of Shell plc, has completed the sale of its Energy and Chemicals Park in Singapore. CAPGC Pte. Ltd. (CAPGC), a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd., acquired the facility.

The transaction took place through the sale of shares in Aster Chemicals and Energy Pte. Ltd. This company, incorporated in Singapore, was a fully owned subsidiary of SSPL. The divestment aligns with Shell's strategy to streamline its chemicals and products business. The sale allows Shell to focus on areas with greater strategic value while optimizing its asset portfolio.

Shell remains committed to Singapore. The country continues to serve as a key regional hub for Shell’s marketing and trading business. Shell's presence in Singapore will support its growth plans in low-carbon solutions and energy transition initiatives. The company aims to strengthen its position in sustainable energy while maintaining a competitive edge in the global market.

Employees at Shell Energy and Chemicals Park Singapore will keep their jobs. They will now work under Aster Chemicals and Energy Pte. Ltd. This ensures continuity for staff while maintaining operational reliability and safety. The transition process includes measures to support employees and ensure business stability.

The new owners plan to develop the facility further. They aim to enhance operational efficiencies while exploring innovative solutions for energy and chemical production. The acquisition is expected to bring long-term benefits to Singapore’s energy sector by fostering investment and innovation.

Shell’s decision to divest this asset is part of a broader global strategy. The company continues to adjust its portfolio, focusing on sustainable and high-value opportunities in the evolving energy landscape.

Shell remains dedicated to Singapore's energy sector. It supplies and trades liquefied natural gas. The company expands its retail presence. Investments in electric vehicle charging infrastructure continue as Singapore transitions to cleaner energy.

CAPGC is a joint venture. Chandra Asri Group holds the majority stake and manages operations. Glencore has a minority stake through its subsidiaries. Chandra Asri is Indonesia’s top chemical and infrastructure firm. It provides products and services to manufacturing industries globally. Glencore is a major global resource company. It produces and markets over 60 essential commodities.

Shell plc is a major British oil and gas company. Its main office is in London, England. The company explores for and produces oil and natural gas. Shell also refines and sells these products. Additionally, it manufactures and markets various chemicals.