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#91
North America / US GOM - Trion
Last post by Administrator - Apr 06, 2026, 05:09 AMBHP confirmed that SBM Offshore USA, Inc., TechnipFMC USA, Inc. dba Genesis North America and McDermott International, Ltd have been selected to deliver an early engineering study for a Semisubmersible Floating Production Unit (FPU) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.
In addition, BHP confirmed that Altera Infrastructure dba Teekay Shipping Norway AS, BW Offshore dba BW Offshore Singapore Pte Ltd, and SBM Offshore dba Single Buoy Moorings Inc. have been selected to deliver an early engineering study for a Floating Storage and Offloading Unit (FSO) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.
Separately, DORIS Engineering had been awarded by BHP for the engineering of Trion SURF and export package.
BHP holds a 60 per cent interest (and operatorship) in Trion with Pemex holding the remainder 40 per cent interest.
In addition, BHP confirmed that Altera Infrastructure dba Teekay Shipping Norway AS, BW Offshore dba BW Offshore Singapore Pte Ltd, and SBM Offshore dba Single Buoy Moorings Inc. have been selected to deliver an early engineering study for a Floating Storage and Offloading Unit (FSO) for the Trion field in the deep-water Gulf of Mexico offshore Mexico.
Separately, DORIS Engineering had been awarded by BHP for the engineering of Trion SURF and export package.
BHP holds a 60 per cent interest (and operatorship) in Trion with Pemex holding the remainder 40 per cent interest.
#92
Marketing & Distribution / Chandra Asri Group to Acquire ...
Last post by Administrator - Apr 06, 2026, 05:08 AM24 Oct 2025
PT. Chandra Asri Pacific Tbk (Chandra Asri Group), a leading energy, chemicals, and infrastructure solutions provider in Southeast Asia, announced that it has signed a Sale and Purchase Agreement to acquire ExxonMobil's Esso-branded retail fuel station network in Singapore through a special purpose vehicle under a wholly-owned subsidiary of the Group. This strategic acquisition aligns with the Company's long-term growth strategy, which focuses on developing integrated energy infrastructure for the energy and mobility solutions market in Singapore and Southeast Asia.
This acquisition marks an important step in Chandra Asri Group's regional expansion, leveraging Singapore's robust retail fuel network and strong business climate as a solid foundation for growth. President Director & CEO Erwin Ciputra emphasized that this move strengthens the company's position as a leader in energy solutions, manufacturing, and infrastructure in the region. Chandra Asri Group will continue to use the Esso brand, continue purchasing branded fuel from ExxonMobil, and maintain all existing customer loyalty points and cards.
PT. Chandra Asri Pacific Tbk (Chandra Asri Group), a leading energy, chemicals, and infrastructure solutions provider in Southeast Asia, announced that it has signed a Sale and Purchase Agreement to acquire ExxonMobil's Esso-branded retail fuel station network in Singapore through a special purpose vehicle under a wholly-owned subsidiary of the Group. This strategic acquisition aligns with the Company's long-term growth strategy, which focuses on developing integrated energy infrastructure for the energy and mobility solutions market in Singapore and Southeast Asia.
This acquisition marks an important step in Chandra Asri Group's regional expansion, leveraging Singapore's robust retail fuel network and strong business climate as a solid foundation for growth. President Director & CEO Erwin Ciputra emphasized that this move strengthens the company's position as a leader in energy solutions, manufacturing, and infrastructure in the region. Chandra Asri Group will continue to use the Esso brand, continue purchasing branded fuel from ExxonMobil, and maintain all existing customer loyalty points and cards.
#93
Marine Terminals / UAE - Fujairah Oil Terminal
Last post by Administrator - Apr 06, 2026, 05:07 AMFujairah Oil Terminal FZC (FOT) is a world class 1.177 million cubic meters onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean. FOT is an independent third party storage terminal, owned by a group of shareholders including the government of Fujairah and store Crude oil, Fuel oil, Gasoil and Gasoline. The storage facility meets international standards, and attracts independent major & national oil companies to lease and utilise the facilities on a long-term sustainable basis.
Jetties Port of Fujairah has world class jetties to accommodate all types of vessels starting with a small barge (3000 DWT) all the way up to a large VLCC (300,000 DWT).
FOT offers highly valued services including:
Fujairah started out as an oil hub mainly for bunker fuel in the mid-90s and the activity has been growing ever since, to the extent that Fujairah is now the second-largest bunkering hub in the world after Singapore. The strategic location of the Port of Fujairah is certainly extremely advantageous to Fujairah Oil Terminal FZC (FOT), as Fujairah being the only one of the seven Emirates of the UAE, to lie wholly outside the Persian Gulf, on the Indian Ocean side of the Strait of Hormuz. This unique location provides easy access to a corridor out of the Persian Gulf that bypasses the Strait of Hormuz in case of any geopolitical tension. Therefore, Fujairah grew very quickly from a humble bunkering location, into a world class hub for refined products trading and strategic Crude storage location. This is translated in the increased number of vessels and throughput served by our terminal and the port of Fujairah, especially over the last four years.
The increased competition in Fujairah Market over the past 8 years has turned the table around from a monopoly to a buyer's market. This only meant that service, reliable infrastructure and experienced staff play a major role in keeping the terminal at a high utilization rate rather than just a brand name or price.
Contango in the Crude market is a small fraction of the market in Fujairah. Traders in the recent years focus more on sustainable business models, covering market shortages or strategic storage, making bulk and also serve niche market
- Capacity 1.177 million cubic metres.
- Tanks 36
- Products Crude oil, Fuel oil, Gasoil and Gasoline.
- Activity Third party independent storage, make bulk, break bulk.
- Other services Blending and circulation, heating, additive injection.
Jetties Port of Fujairah has world class jetties to accommodate all types of vessels starting with a small barge (3000 DWT) all the way up to a large VLCC (300,000 DWT).
FOT offers highly valued services including:
- Loading and discharging of barges, vessels for refined products and (partially laden) very large Crude carriers (VLCC's) for Crude oil
- Deep draft jetties (up to 25 meters) operated by the Port of Fujairah
- Blending, storage and supply of Fuel oil bunkers for IMO 2020, Crude oil, and clean products
- Inter terminal and inter tank transfers
- High speed centrifugal and PD pumps, tank/pipeline stripping pumps
- Pigging and stripping of product group dedicated lines to jetties
- Heating and homogenizing of product in tanks
- Additive injection
- Tax free zone in the bonded area
Fujairah started out as an oil hub mainly for bunker fuel in the mid-90s and the activity has been growing ever since, to the extent that Fujairah is now the second-largest bunkering hub in the world after Singapore. The strategic location of the Port of Fujairah is certainly extremely advantageous to Fujairah Oil Terminal FZC (FOT), as Fujairah being the only one of the seven Emirates of the UAE, to lie wholly outside the Persian Gulf, on the Indian Ocean side of the Strait of Hormuz. This unique location provides easy access to a corridor out of the Persian Gulf that bypasses the Strait of Hormuz in case of any geopolitical tension. Therefore, Fujairah grew very quickly from a humble bunkering location, into a world class hub for refined products trading and strategic Crude storage location. This is translated in the increased number of vessels and throughput served by our terminal and the port of Fujairah, especially over the last four years.
The increased competition in Fujairah Market over the past 8 years has turned the table around from a monopoly to a buyer's market. This only meant that service, reliable infrastructure and experienced staff play a major role in keeping the terminal at a high utilization rate rather than just a brand name or price.
Contango in the Crude market is a small fraction of the market in Fujairah. Traders in the recent years focus more on sustainable business models, covering market shortages or strategic storage, making bulk and also serve niche market
#94
North Sea / Re: Denmark - South Arne
Last post by Administrator - Apr 06, 2026, 05:04 AMKent secures FEED contract for INEOS Hejre Project in the North Sea
Kent, a global leader in engineering, has been awarded a key Front-End Engineering Design (FEED) contract for the INEOS Hejre project. This prestigious award was won in a competitive bid and highlights Kent's extensive expertise and capabilities in the subsea and offshore sectors.
The Hejre project, an offshore High Pressure High Temperature (HPHT) development, is located in the Danish sector of the North Sea. It is planned as a tie-back to the South Arne field, utilising the existing Hejre jacket structure. Kent's responsibilities under this contract include the complete FEED design for the pipeline, tie-in spools, retrofit risers, and subsea power & fibre optics cable.
Usman Darr, Engineering and Consulting Managing Director for the UK at Kent, expressed his enthusiasm about the project, stating, "We are thrilled to continue our partnership with INEOS Energy Denmark on the Hejre project. Having successfully completed the pre-FEED for the full project scope, this new phase allows us to further demonstrate our robust FEED capabilities and deep understanding of the unique challenges in subsea and offshore engineering, particularly in the challenging conditions of the North Sea."
Rasmus Enemark-Rasmussen, Project Manager at INEOS, added, "We are delighted to deepen our collaboration with Kent. Their performance in the Hejre pre-FEED phase, coupled with their pivotal role in vital energy transition projects like Greensand, underscores the strength and importance of our ongoing partnership."
Kent's ongoing involvement with INEOS projects extends beyond Hejre. The company is also engaged in study work for the Greensands Carbon Capture and Storage (CCS) project, further solidifying its position as a critical partner in INEOS's operations in Denmark.
This contract not only reinforces Kent's commitment to supporting INEOS Energy Denmark but also underscores the strength and depth of its engineering expertise in handling complex offshore projects in the North Sea region.
Kent, a global leader in engineering, has been awarded a key Front-End Engineering Design (FEED) contract for the INEOS Hejre project. This prestigious award was won in a competitive bid and highlights Kent's extensive expertise and capabilities in the subsea and offshore sectors.
The Hejre project, an offshore High Pressure High Temperature (HPHT) development, is located in the Danish sector of the North Sea. It is planned as a tie-back to the South Arne field, utilising the existing Hejre jacket structure. Kent's responsibilities under this contract include the complete FEED design for the pipeline, tie-in spools, retrofit risers, and subsea power & fibre optics cable.
Usman Darr, Engineering and Consulting Managing Director for the UK at Kent, expressed his enthusiasm about the project, stating, "We are thrilled to continue our partnership with INEOS Energy Denmark on the Hejre project. Having successfully completed the pre-FEED for the full project scope, this new phase allows us to further demonstrate our robust FEED capabilities and deep understanding of the unique challenges in subsea and offshore engineering, particularly in the challenging conditions of the North Sea."
Rasmus Enemark-Rasmussen, Project Manager at INEOS, added, "We are delighted to deepen our collaboration with Kent. Their performance in the Hejre pre-FEED phase, coupled with their pivotal role in vital energy transition projects like Greensand, underscores the strength and importance of our ongoing partnership."
Kent's ongoing involvement with INEOS projects extends beyond Hejre. The company is also engaged in study work for the Greensands Carbon Capture and Storage (CCS) project, further solidifying its position as a critical partner in INEOS's operations in Denmark.
This contract not only reinforces Kent's commitment to supporting INEOS Energy Denmark but also underscores the strength and depth of its engineering expertise in handling complex offshore projects in the North Sea region.
#95
North Sea / Denmark - South Arne
Last post by Administrator - Apr 06, 2026, 05:04 AMHess Completes Sale of Interests in Denmark
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2021-- Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021.
"The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position," CEO John Hess said. "Proceeds will be used to fund our world class investment opportunity in Guyana."
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2021-- Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021.
"The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position," CEO John Hess said. "Proceeds will be used to fund our world class investment opportunity in Guyana."
#96
Petrochemicals and Refineries Plants / Re: Singapore - Aster Chemical...
Last post by Administrator - Apr 06, 2026, 05:03 AMASTER EXPANDS BUKOM REFINERY CAPACITY WITH USD $155 MILLION REJUVENATION DRIVE FOR GROWTH AND SUPPLY RESILIENCY
Singapore, 9 December 2025 – Aster is investing to strengthen energy supply resilience with key rejuvenation projects at its Bukom refining facility. These investments will increase crude processing capacity while enhancing operational reliability, positioning Aster to better meet demand and strengthen Singapore's role as a critical refining and petrochemical hub.
The key project is a USD $75 million investment to revitalize the Condensate Splitter Unit (CSU). This will increase Bukom refinery's crude processing capacity to over 300,000 barrels per day. Additionally, the Lube Oil Complex (LOC) will be rejuvenated with a USD $71 million project which allows for safe and reliable upgrading of refinery residue to produce higher value base oils which is a main component of lubricants used in industrial, marine and passenger car sectors.
To increase shared feedstocks and processing capabilities, Aster will also invest to improve Bukom's logistics to enable export of mixed C4 product and import of pyrolysis gasoline from Chandra Asri's Cilegon facility. These projects will enable deeper integration between Bukom
and Cilegon to take advantage of the processing capabilities of both sites to further upgrade value from these products.
Singapore, 9 December 2025 – Aster is investing to strengthen energy supply resilience with key rejuvenation projects at its Bukom refining facility. These investments will increase crude processing capacity while enhancing operational reliability, positioning Aster to better meet demand and strengthen Singapore's role as a critical refining and petrochemical hub.
The key project is a USD $75 million investment to revitalize the Condensate Splitter Unit (CSU). This will increase Bukom refinery's crude processing capacity to over 300,000 barrels per day. Additionally, the Lube Oil Complex (LOC) will be rejuvenated with a USD $71 million project which allows for safe and reliable upgrading of refinery residue to produce higher value base oils which is a main component of lubricants used in industrial, marine and passenger car sectors.
To increase shared feedstocks and processing capabilities, Aster will also invest to improve Bukom's logistics to enable export of mixed C4 product and import of pyrolysis gasoline from Chandra Asri's Cilegon facility. These projects will enable deeper integration between Bukom
and Cilegon to take advantage of the processing capabilities of both sites to further upgrade value from these products.
#97
Petrochemicals and Refineries Plants / Re: Singapore - Aster Chemical...
Last post by Administrator - Apr 06, 2026, 05:03 AMASTER DOUBLES ETHYLENE EXPORT CAPACITY, ENHANCES PRODUCTION EFFICIENCY AND FLEXIBILITY
Singapore, 27 November 2025 – Aster, a leading provider of energy and chemical solutions in Southeast Asia, announced an agreement with Hitachi Asia Ltd (Hitachi) to acquire advanced compressor solutions to double its ethylene export capacity at Aster Bukom island facility. This investment strengthens Aster's ability to meet rising regional and global demand for ethylene, a vital petrochemical building block for products spanning plastics, textiles, and specialty chemicals.
Under the agreement, Hitachi, through its factory in Japan operated by Hitachi Industrial Products, Ltd., will deliver two new compressor units for scheduled delivery in January 2027. The investment will enable installation of a parallel ethylene chiller system, expand outbound ethylene logistics and enhance operational flexibility and efficiency. The project will also deepen synergy between Bukom and the Chandra Asri cracker facility on Cilegon, unlocking further integration and optimisation across the regional C2 derivatives value chain.
Singapore, 27 November 2025 – Aster, a leading provider of energy and chemical solutions in Southeast Asia, announced an agreement with Hitachi Asia Ltd (Hitachi) to acquire advanced compressor solutions to double its ethylene export capacity at Aster Bukom island facility. This investment strengthens Aster's ability to meet rising regional and global demand for ethylene, a vital petrochemical building block for products spanning plastics, textiles, and specialty chemicals.
Under the agreement, Hitachi, through its factory in Japan operated by Hitachi Industrial Products, Ltd., will deliver two new compressor units for scheduled delivery in January 2027. The investment will enable installation of a parallel ethylene chiller system, expand outbound ethylene logistics and enhance operational flexibility and efficiency. The project will also deepen synergy between Bukom and the Chandra Asri cracker facility on Cilegon, unlocking further integration and optimisation across the regional C2 derivatives value chain.
#98
Petrochemicals and Refineries Plants / Re: Singapore - Aster Chemical...
Last post by Administrator - Apr 06, 2026, 05:03 AMASTER INVESTS USD $125 MILLION TO REVITALIZE SINGAPORE'S CRITICAL OFFSHORE INFRASTRUCTURE
Singapore, 30 September 2025 — Aster announces a USD $125 million investment to rejuvenate Aster's Single Buoy Mooring (SBM) and SBM pipeline infrastructure, an offshore facility around 5.1 kilometers in the sea away from Aster's assets on Bukom.
The overall multi-phase investment programme will support high-volume energy imports and plays a foundational role in ensuring the reliability and competitiveness of Singapore's refining and petrochemical sectors. The SBM enables large tankers to safely and efficiently transfer crude oil directly to Aster's onshore refinery and storage facilities via a subsea pipeline.
This strategic move will improve operational efficiency by streamlining logistics through relieving existing jetty capacity demand, that will enable the future growth plans of Aster to rejuvenate its refinery and condensate splitter unit.
Aster will award contracts to global partners including ALLSEAS and DOF who will be responsible for building, installing, and commissioning the SBM and pipeline infrastructure.
Singapore, 30 September 2025 — Aster announces a USD $125 million investment to rejuvenate Aster's Single Buoy Mooring (SBM) and SBM pipeline infrastructure, an offshore facility around 5.1 kilometers in the sea away from Aster's assets on Bukom.
The overall multi-phase investment programme will support high-volume energy imports and plays a foundational role in ensuring the reliability and competitiveness of Singapore's refining and petrochemical sectors. The SBM enables large tankers to safely and efficiently transfer crude oil directly to Aster's onshore refinery and storage facilities via a subsea pipeline.
This strategic move will improve operational efficiency by streamlining logistics through relieving existing jetty capacity demand, that will enable the future growth plans of Aster to rejuvenate its refinery and condensate splitter unit.
Aster will award contracts to global partners including ALLSEAS and DOF who will be responsible for building, installing, and commissioning the SBM and pipeline infrastructure.
#99
Petrochemicals and Refineries Plants / Re: Singapore - Aster Chemical...
Last post by Administrator - Apr 06, 2026, 05:02 AMAster Group Launches New Subsidiary for Integrated Multidisciplinary Engineering Services
Singapore, 23 July 2025 – Aster Group today announced the launch of Aster Engineering Services Pte Ltd, signalling a strategic expansion to become an integrated service provider of multidisciplinary engineering and plant maintenance services to the oil and gas, petrochemical and oil and chemical terminal industries in Singapore and the region.
Aster Engineering Services will provide engineering, procurement and construction or construction management services for a plant or terminal. The formation of this new business will support Aster's integrated refinery operations on Bukom Island and downstream chemical assets on Jurong Island. It will also enable Aster to offer comprehensive, end-to-end solutions across interconnected industries.
As part of the launch of this expansion, Aster's parent company, Chandra Asri has acquired an 11.9% equity stake in Hiap Seng Industries Limited, a renowned Singaporean engineering solutions provider with a seven-decade legacy in mechanical engineering, plant fabrication, construction, and maintenance for energy and process industries.
Aster Engineering Services will explore potential opportunities to partner with Hiap Seng on technical expertise, capacity, and augment its reach to deliver even greater value.
Aster Projects & Technology Director, Mashhad Dohadwala, said "With the launch of Aster Engineering Services, we are excited to extend the Aster commitment to the engineering sectors in Singapore and Southeast Asia. Our strategic relationship with Hiap Seng strengthens our foundation and positions us for future growth as we explore partnership opportunities. We will deliver high-impact consultancy and Engineering services that empower our customers and contribute to the continued leadership in engineering excellence in Singapore and in the region."
Hiap Seng Industries CEO Max Tan, said "We are pleased to welcome the Chandra Asri group as a new substantial shareholder in our Company. We positively embrace this development and view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders."
Top
Singapore, 23 July 2025 – Aster Group today announced the launch of Aster Engineering Services Pte Ltd, signalling a strategic expansion to become an integrated service provider of multidisciplinary engineering and plant maintenance services to the oil and gas, petrochemical and oil and chemical terminal industries in Singapore and the region.
Aster Engineering Services will provide engineering, procurement and construction or construction management services for a plant or terminal. The formation of this new business will support Aster's integrated refinery operations on Bukom Island and downstream chemical assets on Jurong Island. It will also enable Aster to offer comprehensive, end-to-end solutions across interconnected industries.
As part of the launch of this expansion, Aster's parent company, Chandra Asri has acquired an 11.9% equity stake in Hiap Seng Industries Limited, a renowned Singaporean engineering solutions provider with a seven-decade legacy in mechanical engineering, plant fabrication, construction, and maintenance for energy and process industries.
Aster Engineering Services will explore potential opportunities to partner with Hiap Seng on technical expertise, capacity, and augment its reach to deliver even greater value.
Aster Projects & Technology Director, Mashhad Dohadwala, said "With the launch of Aster Engineering Services, we are excited to extend the Aster commitment to the engineering sectors in Singapore and Southeast Asia. Our strategic relationship with Hiap Seng strengthens our foundation and positions us for future growth as we explore partnership opportunities. We will deliver high-impact consultancy and Engineering services that empower our customers and contribute to the continued leadership in engineering excellence in Singapore and in the region."
Hiap Seng Industries CEO Max Tan, said "We are pleased to welcome the Chandra Asri group as a new substantial shareholder in our Company. We positively embrace this development and view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders."
Top
#100
Petrochemicals and Refineries Plants / Re: Singapore - Aster Chemical...
Last post by Administrator - Apr 06, 2026, 05:02 AMAster Chemicals acquired Condensate Splitter Unit from PCS Pte Ltd
Singapore, 16 June 2025 — Aster is pleased to announce the signing of an agreement between Aster Chemicals and Energy Pte Ltd with PCS Pte. Ltd. (PCS) for the acquisition of PCS's entire 50% beneficial interest in a Condensate Splitter Unit (CSU) and associated assets (the "Condensate Splitter Facility"). PCS is a leading company within the Singapore Essential Chemicals Complex on Jurong Island and it is also the pioneering company of the essential chemicals industry in the region.
Through this agreement, Aster will acquire full 100% ownership of the Condensate Splitter Facility including key infrastructure comprising the floating roof crude tank, two fixed roof crude recirculation tanks, and a fixed roof Kero tank equipped with advanced mixing and sampling features.
Post acquisition, Aster will seek to invest to rejuvenate the CSU. Post-revitalization, Aster's total capacity will increase from 237,000 barrels per day currently, to more than 300,000 barrels per day. This will enable deeper integration with Aster's existing refining and petrochemical assets.
Group CEO of Aster, Erwin Ciputra, said, "This strategic move augments our commitment to create a compelling value chain of our capabilities and infrastructure in Singapore. This upgrade will enhance feedstock optimization, reduce downtime, with greater operational flexibility and increased throughput capacity to meet growing regional demand. Together with our fully integrated refinery and downstream chemical assets on Bukom and Jurong Island, and through the recent acquisition announcement of Chevron Philips Singapore Chemicals, we will have an enhanced asset base to deliver more reliable and competitive solutions to customers across Singapore and Southeast Asia."
Singapore, 16 June 2025 — Aster is pleased to announce the signing of an agreement between Aster Chemicals and Energy Pte Ltd with PCS Pte. Ltd. (PCS) for the acquisition of PCS's entire 50% beneficial interest in a Condensate Splitter Unit (CSU) and associated assets (the "Condensate Splitter Facility"). PCS is a leading company within the Singapore Essential Chemicals Complex on Jurong Island and it is also the pioneering company of the essential chemicals industry in the region.
Through this agreement, Aster will acquire full 100% ownership of the Condensate Splitter Facility including key infrastructure comprising the floating roof crude tank, two fixed roof crude recirculation tanks, and a fixed roof Kero tank equipped with advanced mixing and sampling features.
Post acquisition, Aster will seek to invest to rejuvenate the CSU. Post-revitalization, Aster's total capacity will increase from 237,000 barrels per day currently, to more than 300,000 barrels per day. This will enable deeper integration with Aster's existing refining and petrochemical assets.
Group CEO of Aster, Erwin Ciputra, said, "This strategic move augments our commitment to create a compelling value chain of our capabilities and infrastructure in Singapore. This upgrade will enhance feedstock optimization, reduce downtime, with greater operational flexibility and increased throughput capacity to meet growing regional demand. Together with our fully integrated refinery and downstream chemical assets on Bukom and Jurong Island, and through the recent acquisition announcement of Chevron Philips Singapore Chemicals, we will have an enhanced asset base to deliver more reliable and competitive solutions to customers across Singapore and Southeast Asia."