Singapore's Astor Chemical and Energy plans to complete key projects in the second half of 2026 to increase refining capacity and expand revenue streams

Share:

Singapore's Astor Chemical and Energy plans to complete key projects in the second half of 2026 to increase refining capacity and expand revenue streams

Recently, Singapore's Aster Chemical and Energy Company (Aster)-a joint venture between Indonesia's Chandra Asili (Chandra Asri) and global commodity giant Glencore (Glencore)-announced that it expects to complete a series of key projects in the second half of 2026. These measures are aimed at increasing its refining capacity, reducing the cost of crude oil imports, and expanding new revenue sources to further strengthen its position in Singapore's energy and petrochemical sectors.
The core of these projects is the transformation of a condensate fractionation unit acquired from Singapore Petrochemical Company (PCS Pte. Ltd.), the leading enterprise in Singapore's core chemical park on Jurong Island. The unit had a daily processing capacity of 70000 barrels before upgrading, and will be able to process 30% of sulfur-containing condensate after upgrading. This upgrade will increase Astor's total crude oil processing capacity from the current 237000 barrels per day to 307000 barrels per day, realizing deep integration with the existing refining and petrochemical assets of Wuji Zhima Island and Jurong Island.
At the same time, the company plans to rehabilitate its Single Point Mooring Facility (SBM), which can accommodate the world's largest oil tankers. The restoration will restore the berthing capacity of very large crude oil carriers (VLCCs), enabling Astor to take advantage of larger crude oil shipments, significantly reducing procurement costs through economies of scale.
In addition to its core refining business, Astor is exploring monetization of assets through external leasing of its idle crude oil and refined products storage tanks with a total design capacity of 500000 barrels per day. The move is not only aimed at tapping into asset value, but will also support Singapore's position as the world's leading oil trading and bunkering hub by complementing its oil storage ecosystem.
In addition, Astor plans to expand the scale of low-carbon power generation through its power subsidiaries, which is in line with Singapore's goal to export about 6 million kilowatts of low-carbon power by 2035. The excess electricity generated will be sold to Singapore's National Grid, accessing the country's regulated electricity market and contributing to its low-carbon energy transition efforts.
As a key player in the energy and chemical sectors in Southeast Asia, Astor's upcoming projects are expected to improve supply chain efficiency, optimize raw material utilization, and provide more competitive solutions for customers in Singapore and the wider Southeast Asia region.

Previous

Yulong Petrochemical downstream project EIA publicity landing: 56 sets of devices, six raw material routes, hundreds of billions of domestic substitution wave speed up.

Next

South Korea's major petrochemical companies expand operating losses to 1.5 trillion won in 2025, industry restructuring still needs long-term progress

Hot April 8, 2026

South Korea introduced 469.5 billion won naphtha import subsidies to deal with the impact of the Middle East supply chain.

Hot April 8, 2026

Pingmei Shenma hexanedinitrile project through: nylon 66 core raw material localization across the key inflection point.

Hot April 7, 2026

Phenol Market Weekly | Week 14 of 2026 (March 28-April 3)

Hot April 3, 2026

Half-year increase of more than 20% across the line: polyurethane industry chain "cost-driven inflation" of the four driving forces and after-market research.

Hot April 2, 2026

72-hour relay of seven sets of devices: Huajin Ami 83.7 billion Project Sprints into Full Production, Northern Chemical Territory Reconstruction Enters Countdown

Hot April 1, 2026

In-depth analysis of Fuhai Tangshan 34.56 billion Petrochemical Project: POE, EVOH, PTT Precision Card High Barrier Track, North China Supply Pattern to be Deeply Remodeled from 2029 to 2030

Hot March 31, 2026

Lianhong New Branch 2025 net profit growth of 30.4 against the trend: six new material product lines intensive landing, multi-category import substitution window accelerated closure.

Hot March 30, 2026

BASF Guangdong Integration Base Put into Full Operation: Accumulated Investment Exceeds 60 billion Yuan, Sinopec's Foreign Investment Pattern Welcomes Historic Node

Hot March 27, 2026

34.56 billion Fuhai Tangshan Petrochemical Project Triple Signals: Methanol Naphtha Coupling Innovation Route, 17 Devices Directly Hit POE, EVOH Import Substitution Core

Hot March 26, 2026

India's crude oil import pattern changes: OPEC share hits record low Russian discount oil tops largest supplier

Quick inquiry

Create

Inquiry Sent

We will contact you soon