ADNOC Launches $80-Billion International Investment Arm XRG ABU DHABI, November 27, 2024 – ADNOC has launched XRG, an international investment arm worth more than USD 80 billion targeting lower-carbon energy and chemicals, the UAE company said on Wednesday. The company will have three core platforms focused on chemicals, natural gas and low-carbon energies. The Global Chemicals platform aims to be among the top five chemicals players worldwide and …
Source: [The Energy Year](https://theenergyyear.com/news/adnoc-launches-80-billion-international-investment-arm-xrg/)
Adnoc launches $80 billion investment powerhouse - News – Khaleej Times The Abu Dhabi nation Oil Co (Adnoc) on Wednesday announced the launch of XRG, an international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion …
Source: [Khaleej Times](https://www.khaleejtimes.com/business/energy/adnoc-launches-80-billion-investment-powerhouse)
ADNOC Launches XRG: An $80+B Lower-Carbon Energy And Chemicals … Accelerates ADNOC’s international expansion, building on proven expertise, robust network of global partners and strategic market access; Following the Board’s strategic endorsement, ADNOC today announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over …
Source: [Oil & Gas](https://www.oilandgas…h of the company and its specialized platforms in gas, chemical materials and low carbon energy, which highlight the interests and targets of ADNOC to XRG.
His Highness noted the importance of strengthening global strategic partnerships that contribute to achieving the vision of good leadership, by implementing quality projects that support enduring economic growth.
The adoption of the launch of XRG at the annual meeting of the ADNOC Board of Directors last November, with an institutional value of more than 290 billion dirhams (80 billion dollars), to ensure the contribution of XRG to meeting the growing global demand for energy and support for sustainable economic growth, By expanding the scope of international “ADNOC” investments in low -carbon and chemical energies.
The meeting was attended by His Excellency Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advanced Technology, managing Director and CEO of Adenk and its group of companies, Chairman of the Executive Board of the XRG and His Excellency Dr. Ahmed Mubarak bin Nawi Al Mazrouei, Head of the President of the State for Strategic Affairs, President Abu Dhabi executive Office, Saif Saeed Ghobash, Secretary -General of the Executive Council of the Emirate of Abu Dhabi, Jonathan Grey, Chairman and Executive Officer of Operations at Black Stone, and Naef Sawiris Chairman .
ADNOC Launches $80-Billion International Investment Arm XRG
ADNOC has recently announced the launch of XRG, an international investment arm worth over USD 80 billion targeting lower-carbon energy and chemicals. This strategic move aims to position ADNOC among the top global players in the chemicals industry and expand its footprint in natural gas and low-carbon energies.
Interview with Dr. Amina Al-Shehhi, Energy and Chemicals Specialist
Senior Editor, world-Today-News.com: Today,we have with us Dr. Amina Al-Shehhi, an expert in energy and chemicals, to discuss ADNOC’s recent launch of XRG, an international investment arm valued at over $80 billion. Welcome,Dr. Al-Shehhi.
Overview of XRG
Senior Editor: Can you provide an overview of XRG and its significance for ADNOC?
Dr. Al-Shehhi: XRG is ADNOC’s new international investment arm focused on lower-carbon energy and chemicals. With an enterprise value of over $80 billion, XRG aims to be a key player in the global chemicals market and expand ADNOC’s presence in natural gas and low-carbon energy sectors.
Core Platforms of XRG
Senior Editor: What are the core platforms that XRG will focus on?
Dr.Al-Shehhi: XRG will have three core platforms: Global Chemicals, Natural Gas, and Low-Carbon Energies. The Global Chemicals platform aims to be among the top five chemicals players worldwide.The Natural Gas platform will focus on ADNOC’s existing strengths in gas production and distribution, while the Low-Carbon Energies platform will drive innovation and investment in renewable and enduring energy sources.
Global Chemicals Platform
Senior Editor: How does ADNOC plan to position itself as a top global chemicals player?
Dr. Al-Shehhi: ADNOC aims to leverage its robust network of global partners and strategic market access to compete in the global chemicals market. By investing in advanced technologies and sustainable practices, ADNOC seeks to meet the growing global demand for chemicals while promoting sustainable economic growth.
strategic Partnerships
Senior Editor: How crucial are global strategic partnerships for XRG’s success?
Dr. Al-Shehhi: Strengthening global strategic partnerships is crucial for XRG’s success. Thes partnerships will facilitate knowledge sharing, technology transfer, and joint ventures, enabling ADNOC to implement quality projects that support enduring economic growth and achieve its vision of good leadership.
Board Meeting and Endorsement
Senior Editor: Can you provide insights into the recent board meeting where XRG was endorsed?
Dr. Al-Shehhi: The annual meeting of the ADNOC Board of Directors last November saw the adoption of XRG’s launch with an institutional value of over 290 billion dirhams (80 billion dollars). The endorsement reflects the board’s confidence in XRG’s ability to contribute to meeting the growing global demand for energy and support sustainable economic growth by expanding ADNOC’s investments in low-carbon and chemical energies.
Conclusion
Senior Editor: What are the main takeaways from this interview?
Dr.Al-Shehhi: The launch of XRG signifies ADNOC’s commitment to expanding its international footprint and investing in lower-carbon energy and chemicals. With its three core platforms and strategic partnerships, XRG is well-positioned to become a major player in the global energy and chemicals market while promoting sustainable economic growth.
Senior Editor: Thank you, Dr. Al-Shehhi, for providing your expert insights on this meaningful advancement.
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