Prime Minister Olzhas Bektenov held a meeting with a Chinese delegation led by the Deputy Chairman of the Board of Dalian Hesheng Holdings Group Co., Ltd., Ma Hunhan. The discussions focused on investment cooperation in the agricultural sector, as well as the prospects for collaboration in areas such as coal chemistry and machine engineering, as reported by primeminister.kz.
The Chinese diversified company Dalian Hesheng Holdings holds a technological patent in the field of wheat processing and fermentation, utilizing advanced digital technologies. A new investment project for the construction of a vertically integrated industrial park for deep wheat processing is planned to be implemented in the Akmolinsk region. The investment amount for the first stage will be between 500-800 million dollars, while the second and third stages of the project are estimated at another 1 billion dollars. The processing capacity in the first stage will reach 1 million tons of wheat, with the potential to increase to 3 million tons per year. Approximately 2,000 jobs will be created.
The project also includes the construction of a coal-fired power plant and a coal chemical complex. As a result of coal processing, the expected output is between 150,000 to 400,000 tons of liquid ammonia per year.
Overall, the implementation of this new agricultural project is expected to have a multiplicative effect, contribute to the modernization of agriculture, and provide a boost to the development of related sectors such as logistics and trade.
The Prime Minister emphasized the importance of actively increasing wheat processing, especially considering the record levels of grain harvests.
“Kazakhstan is a developed country in the agricultural sector. We aim to increase the production of high value-added products. This direction is a priority for our country. The government is focused on localizing production and transferring advanced technologies,” stressed Olzhas Bektenov.
Ma Hunhan, the Deputy Chairman of the Board of the Chinese Dalian Hesheng Group, in turn, highly appreciated the prospects for cooperation and production development in Kazakhstan. He noted the favorable business climate and the conditions created for doing business. Ma Hunhan announced that the construction of the plant is scheduled to begin in the second quarter of 2025.
During the meeting, the Chairman of the Agricultural Direction of Dalian Hesheng Holdings Group, Yu Yufei, and Senior Engineer Shu Songpo, who is the developer of unique wheat biofermentation technology and author of advanced solutions in the industry, also spoke.
Following the meeting, the head of the government instructed the relevant state bodies to carry out the necessary work to conclude an investment agreement with the Chinese partners as soon as possible.