Singapore’s Aster invests in Aether Fuels

Singapore-based energy, chemical and infrastructure solutions company Aster Group announced investment in Aether Fuels to produce sustainable liquid fuels.

The investment is part of Aster’s strategic launch of its investment arm Aster Ventures

“We are delighted to launch Aster Ventures and support Aether as our inaugural investment. We find Aether to be an exciting high velocity startup that has the potential capability of converting waste carbon feedstock into liquid fuels within our Bukom and Jurong asset ecosystem,” said Erwin Ciputra, CEO, Aster.

As part of this agreement, Aster and Aether will join hands to leverage Aster Group’s owned assets within its pioneering refinery on Bukom Island in Singapore to accelerate the scale up of Aether’s business and technology development.

This initial cooperation is intended to provide a platform for further collaborations going forward.

“Aether is proud to partner with Aster and leverage their extensive regional expertise and infrastructure. This collaboration will accelerate our efforts to bring sustainable fuels to market globally and lay a solid foundation for future projects in the region,” said Conor Madigan, CEO, Aether Fuels.

The two will work on scaling Aether’s Aurora technology which involves Fischer-Tropsch converting waste carbon into drop-in liquid fuels with high carbon-conversion efficiency, and can process a more diverse selection of waste feedstocks than other companies trialling the technology.