ADNOC Launches $80 Billion Investment Vehicle XRG
Abu Dhabi National Oil Company (ADNOC) has launched XRG, an international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion.
Low-Carbon
Afyren Neoxy Gets €3.4 Million in After-Biochem Project
Greentech firm Afyren Neoxy, a subsidiary of Afyren, received a €3.4 million payment this week for achieving key milestones with its bio-based low-carbon products.
ADNOC Explores Ammonia Opportunities in Germany
Abu Dhabi National Oil Company (ADNOC) has signed a Memorandum of Understanding (MoU) with the government of the German state of North Rhine-Westphalia and site services provider Currenta to explore the creation of a low-carbon ammonia supply chain.
BP Studies Hydrogen Hub in Germany
BP is to conduct a feasibility study on building a new hydrogen hub in Wilhelmshaven, Germany. The hub would include an industrial-scale ammonia cracker, which could provide up to 130,000 t/y of low-carbon hydrogen from 2028, with scope for further expansion as the market for future fuels develops.
Ta’ziz Partners with Three Firms on Ammonia Project
Abu Dhabi Chemicals Derivatives, also known as Ta’ziz, has signed a shareholder agreement with fertilizer producer Fertiglobe, gas provider GS Energy and Japanese trading group Mitsui & Co to develop a 1 million t/y low-carbon ammonia plant at its proposed industrial chemicals complex in Ruwais, Abu Dhabi.
