The Business Times
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Aster

Energy & Commodities

Singapore oil refiner Aster still on M&A hunt, ‘open’ to IPO as assets mature

Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”
Companies & Markets
THE LEADERSHIP PLAYBOOK

‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Puraglobe CEO Dr Alois Virag (front row, left) and Aster deputy CEO Andre Khor at the signing of an agreement between the two companies to jointly explore the development of an RRBO facility in Singapore.
Companies & Markets

Aster to explore new Singapore facility turning used motor oil into high-grade products 

Base oil and bitumen production will be affected by the shifting crude oil mix, while diesel and fuel oil yields will be driven lower, analysts say.
Energy & Commodities

Not-so-sweet deal for Singapore’s refineries as they shift to US, alternative crudes

The petrochemical sector in Singapore, along with the rest of Asia, is facing a crunch in naphtha arising from the conflict in the Middle East.
Companies & Markets

‘Very grim’: Singapore, regional petrochem sector could see more force majeure notices; EDB in contact with players

The force majeure move is "administrative in nature", says an Aster spokesperson.
Companies & Markets

Aster declares force majeure on disruption in supply of raw materials

Despite industry scepticism over sustainable aviation fuel, trends in Asia are promising, with more governments introducing mandates for green aviation.
International

A shortage of used cooking oil threatens green aviation. Could these Singapore projects help?

Once the splitter is operating, Aster can ramp up Bukom’s cracker running rates.
Energy & Commodities

Aster to complete Singapore refinery expansion, berth works in second-half of 2026

Aster has scooped up energy-related assets, including Shell’s Singapore refining and refinery assets on Jurong Island.
Companies & Markets

Keppel, Chandra Asri’s Aster to assess development of Jurong Island sustainable aviation fuel plant

The projects will enable the Bukom and Cilegon facilities to take advantage of the processing capabilities of both sites.
Companies & Markets

Aster invests US$155 million to expand Singapore’s Bukom refinery capacity

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