(BRK.A), (BRK.B)
Berkshire Hathaway’s Lubrizol Corporation and Aster, a leading Singapore-based provider of chemical and energy solutions, have signed a Memorandum of Understanding (MoU) to explore a strategic partnership across Singapore and Southeast Asia.
The collaboration aims to combine Aster’s integrated refinery and petrochemical operations with Lubrizol’s innovation-driven expertise to advance diversified energy pathways, develop high-performance lubricants and specialty chemicals, and strengthen supply resilience in support of Singapore’s low-carbon transition.
Under the MoU, both companies will undertake joint studies and initiatives to drive product innovation, enhance value chains, and tap into Jurong Island’s position as a regional chemical hub. The partnership will also focus on developing sustainable and specialty chemical solutions that contribute to Asia’s growing industrial and environmental goals.
“Aster and Lubrizol share a vision to shape the future of specialty chemicals and energy for Asia,” said Erwin Ciputra, Group CEO of Aster. “Together, we aim to power growth, connect industries, and foster a sustainable industrial workforce in Singapore.”
Henry Liu, Asia Pacific Vice President of Lubrizol, added, “This partnership strengthens supply chain resilience and accelerates innovation across Asia’s energy and chemicals sector. It positions both companies to deliver next-generation products that support the region’s shift toward a low-carbon and digital future.”
© 2025 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.