Singapore, 29 July 2026 – Sembcorp Industries is expanding its role in Singapore’s refining and chemicals ecosystem through a proposed 20% equity investment in Aster Power. The transaction links the energy and urban-solutions group more closely with Aster’s integrated operations on Pulau Bukom and Jurong Island.
Sembcorp Utilities, a wholly owned subsidiary, agreed with Aster Asia Alpha and Aster Power to subscribe for the stake. The parties described the venture as part of Aster’s next growth phase, with a focus on strengthening power, steam and renewable-energy capabilities for changing industrial energy needs.
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