Singapore-based Aster Chemicals and Energy is targeting to expand refining capacity and shift crude import activities to supertankers to cut costs, Reuters reported Thursday, citing the company's chief financial officer Andre Khor.

Aster Chemicals, a joint venture between Chandra Asri and Glencore, is expecting its 70,000 barrels per day condensate splitter to be operational by the second half of 2026, which will increase processing capacity to 307,000 barrels per day, the report said.

Meanwhile, repairs on the company's single buoy mooring are also scheduled for completion by the second half of the year, which will enhance the company's ability to rely on larger crude carriers and reduce costs, the report added.

The report stated that the company further plans to ramp up its low-carbon electricity output, intending to offload surplus energy to the national grid.

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