Aster has announced its acquisition of a strategic interest in Changi Airport Fuel Hydrant Installation Pte. Ltd. (CAFHI), marking its entry into the aviation fuels market. This move will enable Aster to supply aviation fuel directly to international airlines at Singapore Changi Airport, pending necessary approvals and conditions.
The acquisition is a significant expansion of Aster’s mobility and energy platform, integrating its refining and storage operations with its growing capabilities in both conventional and sustainable aviation fuels (SAF). Aster is collaborating with Aether Fuels to develop a next-generation SAF facility at Pulau Bukom and is also exploring a commercial-scale ethanol-to-jet SAF facility on Jurong Island with Keppel’s Infrastructure Division.
Andre Khor, Deputy CEO of Aster, stated, “The CAFHI strategic interest acquisition represents an important step in Aster’s expansion into aviation fuels. Combined with our refining and storage operations and growing capabilities in sustainable aviation fuel, it strengthens our position to support the evolving energy needs of aviation in Singapore and the region.”
CAFHI plays a crucial role in providing storage and distribution facilities for aviation fuel at Changi Airport, one of the world’s leading aviation hubs. Its shareholders include major international energy companies, underscoring its importance in the regional aviation fuel ecosystem.
This strategic investment positions Aster to broaden its participation across the aviation fuels value chain, supporting the future evolution of aviation fuels and mobility in Singapore and the region. The transaction is subject to the requisite approvals and customary closing conditions.
