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

November 11, 2025
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Buyer of Shell’s refinery has set aside US billion for Singapore investments; more deals on the way
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Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle

[SINGAPORE] 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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Tags: billionBuyerDealsInvestmentsRefinerySetShellsSingaporeUS2
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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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