Singapore. Chandra Asri Pacific (IDX: TPIA), also known as Chandra Asri Group, has been named the winner of the Deal of the Year – Over $100 Million Transaction category at the 2026 Energy Council Singapore Awards of Excellence for its strategic acquisition of Shell Energy and Chemicals Park Singapore (SECP), now operating as Aster Chemicals and Energy Pte. Ltd. (Aster).

The award recognizes one of the region’s most significant energy and industrial transactions and highlights Chandra Asri Group’s ongoing expansion beyond Indonesia into a broader Asia-Pacific platform spanning energy, chemicals, and infrastructure.

The acquisition of Aster significantly expands the group’s operational footprint, strengthens its presence in Singapore, and creates a larger, more integrated regional platform with the scale, capabilities, and strategic relevance needed to support the Asia-Pacific region’s evolving industrial and energy requirements.

The Energy Council is a global energy investment network that connects senior industry leaders, investors, and financiers across the energy sector. Its Awards of Excellence recognize outstanding companies, executives, and transactions, while the Energy Council Singapore Awards celebrate landmark deals and strategic achievements that have helped shape the Asia-Pacific energy landscape.

“We are honored to receive this recognition from the Energy Council,” said Andre Khor, Group Chief Financial Officer of Chandra Asri Group and Deputy Chief Executive Officer of Aster. “This award reflects the strategic significance of the Aster acquisition in accelerating Chandra Asri Group’s transformation into a regional champion across the energy, chemicals, and infrastructure sectors. As we continue to expand our integrated platform, we remain focused on creating sustainable long-term value, strengthening regional industrial resilience, and supporting economic development across Indonesia and the broader Asia-Pacific region,” he added.

The acquisition was completed through CAPGC Pte. Ltd., a joint venture between Chandra Asri Group and Glencore. Through the transaction, Chandra Asri Group acquired Aster, formerly a subsidiary of Shell Singapore Pte. Ltd., significantly expanding its operational footprint and strategic asset base in Singapore.

The recognition reinforces Chandra Asri Group’s strategy of building a competitive regional platform across energy, chemicals, and infrastructure as it pursues long-term growth opportunities in Asia-Pacific.

With countries across the region advancing energy-transition and industrial-development initiatives, large-scale investments such as the Aster acquisition are expected to play an increasingly important role in boosting competitiveness, strengthening supply-chain resilience, and supporting sustainable economic growth.

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