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