Adnoc launches $80 billion company XRG to focus on low-carbon energy and chemicals.

Adnoc, an Abu Dhabi oil company, has launched XRG, a new $80 billion company focusing on low-carbon energy and chemicals. XRG plans to more than double its asset value over the next decade by tapping into global trends such as energy transformation and AI growth. The company will focus on three areas: global chemicals, international gas, and low-carbon energies. XRG will start operations in the first quarter of 2025.

November 27, 2024
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