ADNOC Launches $80+ Bln Lower-Carbon Energy And Chemicals Investment Company XRG
Nov 27 (Reuters) -ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]:
LAUNCHES XRG, A LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT COMPANY
LAUNCHES XRG: AN $80+ BILLION LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT POWERHOUSE
BOARD ENDORSES TARGET TO DRIVE AED 200 BILLION INTO UAE ECONOMY OVER NEXT 5 YEARs THROUGH ADNOC'S ICV PROGRAM
XRG WILL INITIALLY FOCUS ON TRANSFORMATIONAL GLOBAL INVESTMENTS
XRG WILL FORMALLY COMMENCE ACTIVITIES IN Q1 2025
XRG AIMS TO MORE THAN DOUBLE ITS ASSET VALUE OVER THE NEXT DECADE
Further company coverage: ADNOC.UL
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