2022-11-08 14:41News

Kazakhstan signs agreement on green hydrogen projects with Fortescue

The Government of Kazakhstan and Fortescue Future Industries have signed a Framework Agreement on the implementation of green hydrogen production projects in several regions of the country, including Atyrau and Mangystau regions.

The agreement was signed during the meeting between Alikhan Smailov, Prime Minister of Kazakhstan and Andrew Forrest, CEO of Fortescue, at the COP27 Summit of World Leaders on Climate Change in Egypt. 

The implementation of the agreement is expected to contribute significantly to our country's ambitious targets to reduce greenhouse gas emissions by 15% by 2030 and to achieve carbon neutrality by 2060. Future projects are designed to produce a significant amount of green hydrogen, which will also be supplied to the European market under a memorandum of understanding signed the day before between Kazakhstan and the European Union. 

Kazakhstan could become one of the world's largest suppliers of this fuel within 5-7 years by introducing such technologies. 

Producing green hydrogen is one of the largest projects of its kind in the region, according to Alikhan Smailov.

"As part of developing alternative energy sources, the production of green hydrogen is an important priority for us. According to international experts, Kazakhstan could become one of the 10 largest exporters of this environmentally-friendly fuel. To achieve this goal, we need the support of strategic partners," Alikhan Smailov said.

 

He noted that the Kazakhstan Government has revised its system for attracting investment to increase the presence of private companies in the green energy sector.

"Our approach to encourage decarbonisation will be based on the maximum use of market mechanisms and private investment," the Prime Minister stressed.

In turn, Andrew Forrest said the production and application of green hydrogen would help to decarbonise the heavy industry, create jobs, and make the energy sector as a whole greener. 

"We are happy to share our developments and opportunities with Kazakhstan to help realise this potential as soon as possible," Andrew Forrest said.


About the Embassy

The Embassy of the Republic of Kazakhstan in the Kingdom of Sweden and in the Kingdom of Denmark was opened on March 8, 2014 by direct decree of the President of the Republic of Kazakhstan with a view to strengthening diplomatic relations. The site is introduced to keep the wide public informed on activity of the diplomatic mission in Sweden, and to provide information support for the citizens of Kazakhstan who live in Sweden and foreigners who are going to visit Kazakhstan as tourists or businessmen.

Contacts

Aibek Yessey
Attache
Aibek Yessey
The Embassy of the Republic of Kazakhstan