Singapore's Aster plans to raise naphtha cracker utilisation, executive says
The Chandra Asri-Glencore joint venture will also start to supply petrochemicals to buyers
Singapore's Aster Chemicals and Energy, a joint venture between Indonesia's Chandra Asri and trading giant Glencore, is set to increase the utilization rate of its naphtha-fed steam cracker, according to a company executive.
Currently, the naphtha cracker operates at a rate fluctuating between 75% to 80% of its capacity over the past five months. Andre Khor, the CFO and Deputy CEO of Aster, announced this during a Reuters interview at the APPEC conference on September 10th.
The 1.1 million metric tonne per year cracker is located on Singapore's Bukom Island, where Aster also operates a refining hub, which it acquired from Shell in April 2025. Khor mentioned that Aster is now beginning to supply petrochemicals to its customers.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Singapore's Aster plans to raise naphtha cracker utilisation, executive says businesstimes.com.sg
