Abu Dhabi, July 19 (WAM) - XRG, ADNOC’s international energy investment arm, is strengthening its presence in the Americas by building an integrated platform across the energy and industrial sectors. This will expand the UAE's economic footprint and establish it as a long-term strategic investor and reliable global partner, despite the rapid changes in global energy markets.

Over the past months, XRG has made progress in implementing several strategic investments in the liquefied natural gas (LNG), chemicals, advanced materials, and exploration, development, and production (E&P) sectors. It also launched a new integrated global platform for LNG trading and exchange in collaboration with ADNOC and ADNOC Gas.

These projects enhance XRG’s position as one of the leading investors in the long-term growth of the energy sector in the Americas. They also highlight the UAE's role in deploying capital globally to build a flexible portfolio within vital sectors that ensure energy security, promote industrial development, and support future economic growth.

One of the key projects in this portfolio is the Rio Grande LNG project in Texas, USA, which aims to export 30 million tons annually. XRG holds stakes in five liquefaction units being built there.

This investment strengthens the company’s presence in one of the largest LNG export projects globally and supports its ability to leverage US gas resources to meet growing global demand for this vital resource.

The Rio Grande project is part of a larger and more comprehensive portfolio, as XRG builds a global platform targeting the marketing and trading of 47 million tons per year of liquefied natural gas by 2035. It also strengthens its presence in the Vaca Muerta Basin in Argentina through a 32% stake in exploration, development, and production areas that form a key part of Argentina’s liquefied natural gas project with an annual production capacity of 12 million tons.

The company significantly expands its presence in North America's chemicals and advanced materials sectors through Covestro, Prochem International, and Nova Chemicals. The latter is a leading petrochemical company headquartered in Canada with operations across North America.

Covestro solidifies XRG’s presence in the United States through an advanced manufacturing and innovation platform that supports various sectors including automotive, construction, electronics, and healthcare.

Covestro has successfully expanded its operations and enhanced its ability to meet demand for high-performance materials used in a wide range of industrial applications by recently acquiring a production site formerly owned by Vinlyx in Freeport, Texas.

These activities underscore the strategic integration between XRG’s portfolio in gas, chemicals, and advanced materials. The company is investing across the value chain, from oil and gas molecules used to produce energy and raw materials for various industries to advanced materials that go into manufacturing smartphones, medical devices, vehicles, and buildings.

Through this, XRG consolidates its position as a supplier of materials that support industrial development and technological innovation, in addition to its role in the energy sector.

These investments are strategically and commercially important for the United Arab Emirates. The XRG business portfolio in the Americas contributes to strengthening the country’s economic position in key global markets with high growth rates, deepening its involvement in the infrastructure of the energy sector and industrial value chains, and enabling it to build a diverse international platform based on long-term partnerships.

The United States is the main market in XRG's growth and expansion strategy in the Americas. Investments by the UAE in US energy assets through ADNOC, XRG, and Masdar have exceeded $85 billion across 19 states, supporting areas such as electricity generation, advanced chemicals, and infrastructure for the energy sector.

Philip Haddad, CEO of XRG’s Americas branch, said that the United States is a key pillar in achieving XRG's goal of building an integrated global platform for the energy and industrial sectors. Our teams in Washington DC and Houston are working with partners across the US to identify investment opportunities that leverage the production of the US energy and industrial sectors and connect it to growing global demand, contributing to the growth and expansion of XRG and establishing the UAE as a long-term international investor.

All these steps embody the UAE’s investment in businesses with strong performance potential over market cycles, contributing to ensuring global energy security, benefiting from the growing demand for electricity as a result of the growth of artificial intelligence data centers and rising global demand for liquefied natural gas (LNG), in addition to supporting the manufacturing sector.

Through its assets and partnerships spanning LNG projects in Texas, chemicals in North America, and gas in Argentina, XRG is building a platform that helps establish the UAE as a global investor in infrastructure, materials, and commercial networks that shape the next phase of industrial growth, not just as an energy supplier.