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BP and XRG Close Deal to Launch Arcius Energy in Egypt

December 20, 2024
BP has announced a collaboration with XRG to launch a new company, Arcius Energy, in Egypt. Arcius Energy aims to develop and operate renewable energy projects in the country, focusing on wind and solar power. The partnership brings together BP's expertise in the energy sector and XRG's local knowledge and experience. This move is in line with BP's commitment to sustainable energy and its goal to become a net-zero company by 2050. With Egypt's growing demand for clean energy, the launch of Arcius Energy is expected to contribute significantly to the country's renewable energy goals and reduce its carbon footprint.
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