M&A Deal Summary

Chandra Asri Acquires Shell Energy and Chemicals Park

On October 4, 2024, Chandra Asri acquired energy services and equipment company Shell Energy and Chemicals Park from Shell Singapore

Acquisition Highlights
  • This is Chandra Asri’s 1st transaction in the Energy Services and Equipment sector.
  • This is Chandra Asri’s 1st transaction in Singapore.

M&A Deal Summary
Date 2024-10-04
Target Shell Energy and Chemicals Park
Sector Energy Services and Equipment
Buyer(s) Chandra Asri
Sellers(s) Shell Singapore
Deal Type Divestiture

Target

Shell Energy and Chemicals Park

Pulau Bukom, Singapore
Shell Energy and Chemicals Park, once an oil storage installation and later became refinery, has transformed into an energy and chemicals park that will focus on producing low-carbon energy products like biofuels; incorporate circularity, such as waste plastics for feedstock; as well as provide renewable energy. Shell Energy and Chemicals Park is based in Pulau Bukom, Singapore.

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Buyer(S) 1

Buyer

Chandra Asri

Jakarta, Indonesia
Category Company
Founded 1984
Sector Chemicals
Employees2,328
Revenue 2.2B IDR (2023)
DESCRIPTION

Chandra Asri is the largest vertically integrated petrochemical company in Indonesia with facilities located in Ciwandan, Cilegon and Puloampel, Serang in Banten Province. CAP is Indonesia's premier petrochemical plant incorporating world-class, state-of-the-art technology and supporting facilities. At the heart of CAP lies the Lummus Naphtha Cracker producing high quality Ethylene, Propylene, Mixed C4, and Pyrolysis Gasoline (Py-Gas) for the Indonesian as well as regional export markets. Chandra Asri was founded in 1984 and is based in Jakarta, Indonesia.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Shell Singapore

Singapore, Singapore
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Shell is an international energy company that uses advanced technologies and takes an innovative approach to help build a sustainable energy future. Shell Singapore is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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