Kazakhstan and European Countries are Opening New Stages of Cooperation
"NC "KAZAKH INVEST" JSC in collaboration with the Embassies of the Republic of Kazakhstan in France, Lithuania, Norway, Sweden, and the embassies of these countries in Kazakhstan, organized business meetings for investors with heads of state authorities, national and private Kazakhstani companies during the Astana International Forum held on June 7-9, 2023. The aim of these meetings was to work out further stages of implementing investment projects in Kazakhstan.
French companies such as "Total", "Veolia", "Axens", "Alstom", and "Air Liquide" are expanding their cooperation with Kazakhstan, solidifying negotiations by signing documents in the fields of oil and gas chemistry, energy, and engineering.
For instance, JSC "KazMunayGas" and "Axens" intend to further develop their cooperation in the implementation of the first integrated gas chemical complex. The project's capacity will be 1,250,000 tons of polyethylene per year. The complex is planned to be located in the territory of a special economic zone in the Atyrau region.
Lithuanian "Avia Solutions Group" signed a memorandum of cooperation with LLP "Samruk-Kazyna Invest" to establish the Eurasian Training Center in the capital of Kazakhstan, conducting substantive negotiations with industry departments overseeing the spheres of industrial development, science, and higher education.
Negotiations were held between Norwegian "Aker Solutions Group", JSC "KazMunayGas", and industry business structures to explore opportunities for joint projects in the field of Carbon Capture, Utilization, and Storage (CCUS) technologies.
Swedish "Ecolean" held negotiations with representatives of KAZAKH INVEST regarding the implementation of a project for environmentally friendly packaging solutions for liquid food products.
The common thread of the negotiations conducted in Astana was the active cooperation and contribution of foreign companies to the implementation of the approved Strategy for Kazakhstan to achieve carbon neutrality by 2060. The Strategy defines the national approaches and strategic course of state policy for decarbonization and the gradual transformation of the economy sectors.
Achieving ambitious climate goals poses a huge challenge for Kazakhstan. Reducing greenhouse gas emissions will require fundamental changes in production and consumption models, a rapid and efficient transition from non-ecological burning of fossil energy resources to carbon-neutral technologies, large-scale technological modernization, and attracting "green" investments in all sectors of the national economy.
