
XRG
in North America
Unlocking the potential of energy
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.


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

Chemicals

Energy Solutions
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


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.