XRG launches Americas business platform
XRG, Adnoc's investment arm, is expanding its presence in the Americas by building an integrated platform across the energy and industrial sectors to strengthen the UAE's role as a long-term strategic investor. The company focuses on investments in liquefied natural gas (LNG), particularly the Rio Grande project in Texas, which aims to export 30 million tons annually, as well as projects in Argentina to develop and achieve production of up to 12 million tons per year. Additionally, XRG is expanding its presence in the chemicals and advanced materials sector through companies like Covestro, thereby boosting manufacturing and production in North America. These investments are strategic efforts to ensure energy security, promote industrial development, and support global economic growth, with investments exceeding $85 billion across 19 U.S. states. This reflects the UAE’s role in building a global energy and industrial platform dedicated to sustainable growth.
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