Aster Chemicals and Energy Pte Ltd has signed an agreement with PCS Pte Ltd to acquire PCS’s entire 50% interest in a Condensate Splitter Unit (CSU) and associated assets, located within the Singapore Essential Chemicals Complex on Jurong Island. This strategic acquisition grants Aster full ownership of the facility, which includes key infrastructure such as a floating roof crude tank and advanced mixing and sampling features.
The acquisition is set to significantly enhance Aster’s operational capabilities. Once the CSU is revitalised, Aster’s total capacity will increase from 237,000 barrels per day to over 300,000 barrels per day. This expansion will allow for deeper integration with Aster’s existing refining and petrochemical assets, optimising feedstock and increasing throughput to meet growing regional demand.
Erwin Ciputra, Group CEO of Aster, stated, “This strategic move augments our commitment to create a compelling value chain of our capabilities and infrastructure in Singapore. This upgrade will enhance feedstock optimisation, reduce downtime, with greater operational flexibility and increased throughput capacity to meet growing regional demand.”
The agreement also opens avenues for future collaboration between PCS and Aster, particularly in naphtha procurement via existing pipeline infrastructure. This collaboration aims to strengthen the value chain and unlock synergies in sourcing, processing, and downstream integration.
Aster, a joint venture led by Chandra Asri and Glencore, is a prominent provider of energy, chemical, and infrastructure solutions in Southeast Asia. The company continues to expand its asset base, which includes significant facilities in Singapore and Indonesia.
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