Chinese Company to Invest $1.5 Billion in Deep Grain Processing Plant in Aqmola Region
Photo: RK MoA
The Chinese corporation Hopefull Grain & Oil Group will invest $1.5 billion in the construction of a deep grain processing plant in Kazakhstan’s Aqmola region, Orda.kz reports.
The project is expected to become the largest in Kazakhstan’s agro-industrial sector, transforming ordinary grain into high-value-added products such as citric acid and bioethanol.
According to the Ministry of Agriculture, Vice Minister Yermek Kenzhekhanuly met with representatives of Hopefull Grain & Oil Group to discuss the details of the large-scale investment initiative.
Following the talks, the parties agreed to proceed with the construction of the deep grain processing plant, which will be implemented in two stages:
- Stage one — construction of a thermal power plant operating on renewable energy sources
- Stage two — launch of the processing facility, which will produce citric acid, glucose-fructose syrups, bioethanol, protein, and feed concentrates
The Chinese investor is also considering the creation of an industrial park equipped with full engineering, energy, and transport infrastructure.
Negotiations on the project took place over several years, from 2024 to 2025. Yao Yao, head of the company’s Kazakhstan office, said the initiative is intended as a long-term partnership in grain processing and the development of green technologies.
Original Author: Alina Pak
Latest news
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers
