The Board of Directors of XRG, an international energy investment platform launched by ADNOC in November 2024, has endorsed a five-year business plan for 2025–2030, aiming for accelerated growth and long-term value creation. In just six months, XRG has become a global energy investor with an enterprise value exceeding $80 billion.
The plan focuses on scaling XRG’s core platforms: International Gas, Global Chemicals, and Energy Solutions. Dr. Sultan Al Jaber, Executive Chairman of XRG and Managing Director and Group CEO of ADNOC, emphasised investing in future energy systems that are integrated, resilient, and responsive to global demand.
The Board directed XRG to build a top-five integrated global gas and LNG business, targeting 20–25 million tons per annum of capacity by 2035. This follows recent strategic acquisitions in the U.S., Mozambique, Egypt, Azerbaijan, and Turkmenistan, positioning XRG to meet the demand for flexible, lower-carbon energy.
Additionally, XRG aims to establish a top-three global chemicals platform through the proposed formation of Borouge Group International and the acquisition of Covestro, pending regulatory approvals.
The Board recognised the growth in AI-linked power demand, especially in the U.S., directing XRG to expand its investments in carbon capture, low-carbon fuels, and biofuels through its Energy Solutions platform.
XRG plans to execute its 2025–2030 business plan with disciplined capital deployment, platform integration, and value chain expansion to support industrial growth and digital transformation.