Unlocking the potential of energy

XRG is an international investment company that advances critical energy systems to achieve sustainable growth and long-term value creation.

Leveraging a global portfolio of more than $80 billion in assets, we invest across three platforms: gas, chemicals, and energy solutions. We partner with global leaders to unlock the full potential of energy to power global growth and create shared value.
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Energy. AI. Industrial rebirth.

The world today faces a historic turning point in energy demand, driven by the electrification of industry and power-hungry data centers for AI processing. To meet this surging demand, the existing energy system urgently requires transformation at scale and innovation at speed.

XRG was created for this very moment. We are expanding our footprint across the United States and Canada by investing in next-generation infrastructure for energy production, transportation, and storage to meet the surging demand in a growing and increasingly electrified, digitized, and AI-enabled world.

We invest where it matters

Gas

Gas

We are building a top-five global gas and LNG player.
Gas remains essential to balancing reliability, affordability, and lower-carbon outcomes. We invest in a global integrated gas portfolio to meet surging demand with fewer emissions.
Chemicals

Chemicals

We are creating a top three global chemicals player.
Advanced materials and polymers are foundational to modern industry, from manufacturing and infrastructure to healthcare and electronics. XRG expands the world’s high-value chemical production and innovation.
Energy Solutions

Energy Solutions

WE ARE DEVELOPING A WORLD-CLASS PLATFORM FOR NEXT-GENERATION ENERGY SOLUTIONS
In the age of “hyperscalers”, we need to hyperscale energy solutions. That's why XRG invests in low-carbon hydrogen and other alternative fuels, carbon capture and storage, and future-ready power infrastructure—including solutions that address the exponential energy needs of data centers and AI.

Our North America portfolio

Chemicals

Covestro

A global leader in performance materials and specialty chemicals, with more than 8,500 global customers. Proven innovators, the acquisition of Covestro* will advance XRG’s position in AI-customized solutions and circularity.

*Subject to regulatory approvals

Pennsylvania, USA

Chemicals

Nova Chemicals

One of the largest companies to develop and manufacture chemicals and plastic resins. Nova is set to be acquired by Borouge Group International*, creating a $60 billion chemicals powerhouse that combines Borouge and Borealis.

*Subject to regulatory approvals

Calgary, Canada

Via Borouge Group Intl.

Energy Solutions

Baytown Project

We have a 35% stake in what will be the world’s largest low-carbon hydrogen facility. It will convert US-produced natural gas into virtually carbon-free hydrogen – with approximately 98% of CO2 removed – accelerating the decarbonization of hard-to-abate sectors.

Houston, Texas

In partnership with ExxonMobil

Gas

Rio Grande

We hold an 11.7% stake in Phase 1 of the NextDecade project and have announced a 1.5mtpa offtake agreement for Phase 2. Upon completion, this project is expected to be one of the world’s largest LNG facilities – strengthening US energy security and global supply.

Brownsville, Texas

Phase 1 in partnership with NextDecade

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Powering the next leap for human progress

ENACT stands for Energy in Action – a platform that convenes global leaders from energy, technology, finance and government with the mission to accelerate solutions that unlock the next wave of human progress.

Co-hosted by XRG, the most recent edition of ENACT was hosted in Washington D.C, advancing a cross-sector action agenda on opportunities within the energy-AI nexus.

This outcomes report builds on those discussions: setting out the opportunities and system-wide solutions required to address the AI-driven data center energy surge, and to guide longer-term investments that will build a smarter, more resilient and efficient energy system.

About ADNOC

XRG is the energy investment arm of ADNOC Group, a leading diversified energy group wholly owned by the Government of Abu Dhabi. For more than five decades, ADNOC has been a key driver of socioeconomic growth for the UAE, and a reliable and responsible energy provider for major markets across the world. Now XRG is continuing ADNOC’s legacy on a global stage, as a catalyst for community prosperity in the places we are present.
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