Aster to acquire strategic interest in Changi Airport aviation-fuel infrastructure platform in Singapore

Aster, a part of Chandra Asri Group that operates a growing portfolio of businesses across Southeast Asia, announced Aug. 28 that it has agreed to acquire a stake and become a shareholder in Changi Airport Fuel Hydrant Installation Pte. Ltd.

CAFHI is the critical aviation-fuel infrastructure platform serving Singapore’s Changi Airport.

Being a shareholder in CAFHI will enable Aster to join other major energy companies in providing aviation fuel directly to international airlines at Singapore Changi Airport, one of the world’s leading aviation hubs.

The transaction is subject to the requisite approvals and the fulfilment of customary closing conditions.

“The CAFHI strategic interest acquisition represents an important step in Aster’s expansion into aviation fuels,” said Andre Khor, the deputy CEO of Aster.

“Combined with our refining and storage operations and growing capabilities in sustainable aviation fuel (SAF), it strengthens our position to support the evolving energy needs of aviation in Singapore and the region, in serving one of the world’s leading aviation hubs,” Khor added.

The investment complements Aster’s growing SAF capabilities.

Aster is working with Aether Fuels to develop a next-generation SAF facility at Pulau Bukom, Singapore, and with Keppel through its infrastructure division to assess a commercial-scale ethanol-to-jet SAF facility on Jurong Island, broadening its participation across conventional and lower-carbon aviation fuels.

Together, these initiatives advance Aster’s strategy to build an integrated energy and infrastructure platform spanning production, storage and distribution while supporting the future evolution of aviation fuels and mobility in Singapore and the region.