Buyer of Shell’s refinery has set aside US billion for Singapore investments, is hungry for more deals

Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments, is hungry for more deals

November 11, 2025 / Kim Browne /


Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle

[SINGAPORE] 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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Kim Browne

As an editor at GQ British, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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