SHEL - Energy Shift: Shell Offloads Singapore Energy And Chemicals Park To Glencore-Chandra Asri Capital Joint Venture | Benzinga
Shell plc (NYSE:SHEL) said its subsidiary, Shell Singapore Pte Ltd, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd.
CAPGC is a joint venture company between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.
Chandra Asri is an Indonesian chemical and infrastructure solutions company and Glencore Plc (OTC:GLNCY) is one of the world’s largest global diversified natural resource companies and a producer and marketer of more than 60 commodities that advance everyday life.
The transition is expected to transfer all of Shell’s interest in Shell Energy and Chemicals Park Singapore, including the physical assets and commercial contracts, to CAPGC.
The decision comes after ...