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Indonesian group expects big revenue boost from buying Shell’s assets on Pulau Bukom, Jurong Island
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The group expects revenue growth to increase by five times from 2024 to 2026.
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SINGAPORE – Indonesia’s Chandra Asri Group is confident that its deal with global oil giant Shell to buy its refining complex in Singapore will be an accretive move, citing operational synergies and a growing demand for fuels and petrochemicals in the region.
“We firmly believe that South-east Asia is a high-growth region requiring an affordable supply of energy and chemicals,” Mr Suryandi, human resources and corporate affairs director of the group, told The Straits Times.
