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Another powerful giant with over 500 billion is about to protrude.

(Source: Petroleum Link Text | Mulan)

In comparison, something big happened in the oil industry.

Abu Dhabi national oil company ADNOC is planning to list its international investment department. ADNOC plans to list this store outside the Aliac and shows that it can choose to list in London or New York.

Before the official launch of the IPO, ADNOC will also need to record XRG’s chief executive officer and complete the asset plan. Founded at the end of 2024, XRG is an investment company under ADNOC that focuses on the dynamics and chemicals sectors of low-carbon. Its current valuation exceeds US$80 billion (about RMB 579.3 billion). If XRG goes public, it can become one of the world’s largest dynamic IPOs.

So, what is the reason why ADNOC promotes XRG to go public? What changes in the oil industry are foreshadowed?

01New power giant is comingEscort

Sugar babyXRG, it’s not simple.

XRG’s board of directors compiled several Song Wei and spoke lightly on the scene. Fengyun characters include former bp CEO Bernade Luni, Blackstone President Jonasen Manila escort Egyptian wealthier Nasev Saviris, etc. These are all heavyweight figures in the industry. In the early days of its establishment, XRG was positioned as global chemical products, international natural atmosphere and low-carbon power, and later strategies will also expand these three focus businesses.

In recent years, in order to replenish XRG, ADNOC has successively completed multiple serious and serious purchases. Compared, ADNOSugar babyC proposed to transfer all its rights in the international community to this company.

What kind of company is Boxun Group International?

This company is related to ADNOC’s serious and concurrent purchase. In July 2023, ADNOC began to discuss the merger of Boxun Company and BeiGang Chemical with OMV.

According to the planning, the merger of Boluo and Nordic Chemical will be completed in the first quarter of 2026.

ADNOC recently announced that it has reached a binding framework agreement with OMV, and merged Bohu and Nordic Chemical to establish Bohu International Group.

ADNOC and OMV are also approved, and the Borgian International Group will receive Nova for US$13.4 billion (including debt). Nova here is a polyethylene producer in North America.

According to the agreement, Adnoc and OMV will each hold 46.94% of the shares in the Boston International Group, for which OMV will inject US$1.6 billion in cash into the combined real estate to achieve equal shareholding. The remaining 6.12% of the Box International Group is unrestricted. Sugar daddy

In addition to the international group, Adnoc also has Cox Creative, which can purchase later, and has also entered XRG.

XRG Chemical’s business has become very fulfilling after Adnoc’s multi-party promotion. What about low-carbon power?

Recently, Adnoc also released the sound of XRG planning a low-carbon dynamic version. Adnoc said that XRG will invest heavily in the american natural environment in the next few months.

In order to expand XRG’s strength, Adnoc has increased its investment efforts worldwide. It is obvious that Adnoc, which has the best energy and strengths, also needs a big plan to transform the strategy under the dynamic transformation trend. XRG is a trump card specially created for its transformation.

02Creating low-carbon + chemical industry advantages

If you only look at XRG’s business type and Adnoc’s plan, there is still a lack of clear understanding of the company’s impact capabilities, and the need is more detailedManila escort analysis.

Where did you start the analysis? Or chemical industry. Because I understand the most clearly when looking at XRG’s chemical industry today.

It is clear that XRG’s chemical industry can start from the number of purchases and purchases Adnoc to the company.

Look first The first is Cossin. Cossin is the world’s leading manufacturer of high-function polymer data, ranking 25th in the global chemical industry, and its mainstream businesses are polyurethanes, polycarbonates, coatings and adhesives.

In the field of polyurethanes, Cossin is the world’s top three MDI and TDI suppliers. And this kind of data is important. href=”https://philippines-sugar.net/”>Escort manila is used in foam plastics and automotive interiors.

In the field of polycarbonate, Cossin has a large verbal rights and is one of the world’s most Sugar daddy. Polycarbonate is important for making electronic equipment shells, optical materials, etc.

Similar, Cossin is also the world’s largest paint and resin manufacturer, with products covering automotive coatings, building waterproofing materials, etc. href=”https://philippines-sugar.net/”>Escort.

For AdnocSugar daddy, Cosin’s participation can help it expand its ability to enhance polyolefins and special chemicals, and to supplement its indifference. escort data shortcoming extends industry links, helping to achieve dynamic transformation and diversification of business.

XRG’s international business is also more clear.

Botong Company is a production of polyethylene and high-density Sugar babyPolyethylene and polypropylene are companies that supply differential polyolefin solution plans for basic facilities, power, automobiles, medical care and packaging.

Beijing Chemical Company is a production of polyethylene, polypropylene, basic chemicals and sustainable materials, with a focus on layout Automobile quantification and medical data enterprise.

Nova is also a polyethylene producer, and has achieved low cost production in North America based on page-based resource and energy.

Boluo and Nordic Chemical Company merged with Nova. Botong Group International can become the fourth largest polyolefin producer in the world. Boxun Group’s international Nordic Chemicals, Boxun and XRG’s Cosin have all layouts in renewable power. Cosin and Nordic Chemical also have layouts in resource acceptance applications.

In response to XRG’s strategy in the natural gas field, Adnoc has shown that XRG will invest in the entire natural gas supply chain, from survey, development to distribution, and hope to become a one-stop natural gas supplier.

For XRG’s overall strategic planning, Adnoc believes that XRG aims to help meet the grand dynamic needs brought about by the rapid growth of artificial intelligence.

It is not difficult to see that Adnoc, an international oil giant, is changing from oil producers to a comprehensive power giant integrating oil, chemical industry, low carbon and other industries. The promotion of XRG’s listing is to develop its own chemical and low-carbon advantages.

03Downward development

In today’s oil industry, it is not just Adnoc who looks at medium- and low-carbon and chemical industries. In the past two years, Zhongdong Petroleum’s huge vision has been frequently invested in petrochemical industries around the world.

Two years ago, Saudi Aramco acquired 10% of Rongsheng Petrochemical’s shares. Pinay escort Sheng Petrochemical has a large-scale integrated project, and her face makes her look haggard in front of the indescribable heroine. α-ene, POE, etc. are advantages and can serve new power, electronics, automobiles and other industries.

After that, Saudi Aramco proposed to acquire 10% of Yulong Petrochemical’s shares. Today, Yulong Petrochemical Integrated Chemical Integration Project has been invested, focusing on the development of high-value-added products such as ESugar babyVA with high vinyl acetate content, stainless steel battery separatorsSugar daddy, methyl methacrylate (MMA), etc., serving New Power, Electronics, Automobile and other products. manila‘s business.

Saudi Aramco also cooperated with Hengli Petrochemical’s strategy to sign a cooperation agreement. Saudi Aramco also cooperates with Southern Industrial Group and Tongxin Cheng to build a large petrochemical company Hua Aramco.

These two companies are also positioned for industry upgrading in strategic planning, and they all have new and low-carbon plans.

Katar Power also signed cooperation with Shell, Dordale Power, ConocoPhillips and other companies, including petrochemical businesses, and signed an investment of US$6 billion with the South Korean Group.Sugar baby to build ethylene devices. In fact, when the dynamic transformation tide comes, Oil Head also understands that this transformation is much more complicated than the several photovoltaic, wind, and green projects, or perhaps the market is much bigger.

Because low carbon not only touches the volume of wind and photovoltaic installations, it also involves the production and manufacturing of wind and photovoltaic upper, middle and lower flows, and at this time, she should be at work instead of dragging her suit TC: