The Business Times
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Chemicals

Energy & Commodities

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

Evonik had already announced cuts of around 2,800 positions until the end of 2026.
Energy & Commodities

Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme

The ban will cover sulphuric acid that’s a by-product of copper and zinc smelting in China.
Energy & Commodities

China moves to ban sulphuric acid exports as Iran war hits supply

For the five trading sessions spanning Mar 13 to 19, institutions were net buyers of Singapore stocks.
Companies & Markets
INSIDE INSIGHTS

Insider and institutional positioning for the week

Under the plan, Lotte Chemical’s Daesan unit will be spun off and merged with HD Hyundai Chemical to create an integrated entity.
Energy & Commodities

South Korea approves first petrochemical restructuring deal as supply glut weighs

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

FMC has been facing intensified competition in key markets, prompting it to reduce prices and divest assets.
Energy & Commodities

FMC to launch restructuring plan, targets plant closures and Asia cost cuts

Nouryon was looking to push out its debt maturities by more than two years from April 2028, but shelved the deal amid concerns about higher costs in the chemicals sector.
Energy & Commodities

GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease

“The upgraded SBM pipeline is projected to provide more than 20 years of reliable service,” Aster Chemicals said.
Energy & Commodities

Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery

China produces most of its own coal, and imports most of its oil.
Energy & Commodities

China’s chemicals makers reap reward of shift from oil to coal

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