Aster and Lubrizol have signed a Memorandum of Understanding (MoU) to explore strategic collaboration opportunities in Singapore and the wider region. This partnership combines Aster’s integrated refinery and petrochemical operations with Lubrizol’s innovation-driven capabilities to advance diversified energy pathways, develop high-performance lubricants and speciality chemical solutions, and support Singapore’s low-carbon transition.
The MoU sets a framework for joint studies and initiatives aimed at driving product innovation and strengthening value chains. By leveraging Aster’s operational experience and Jurong Island’s strategic position, the collaboration seeks to create new growth opportunities for sustainable chemical development in Asia.
Chan Win Sim, Aster’s Commercial Director, expressed optimism about the partnership, stating, “We continue to invest in growth and innovation, strengthening strategic resilience across our portfolio to power growth, connect industries and uplift communities.” Henry Liu, Lubrizol’s Asia Pacific Vice President, added, “This MoU represents a strategic move to strengthen supply chain resilience to deliver high-performance, next-generation products.”
The collaboration is expected to address the evolving lubricant landscape, shaped by technological advancements, tightening environmental regulations, and increased digitalisation. Both companies aim to support the region’s transition towards a sustainable future, enhancing Singapore’s role as a hub for advanced chemical technologies.
