Kazakh Prime Minister Olzhas Bektenov has held a meeting with Liu Yongxing, founder and CEO of East Hope Group.
The parties discussed the prospects for the project of creating a vertically integrated industrial park in Kazakhstan. The park will specialize in ferrous metals production based on circular economy principle.
The goal of the project is to form a full production cycle for the manufacture of green aluminum products and covers several priority areas – extraction of raw material, processing of aluminum-based product and deep processing of high value added materials.
The first stage of the project aims at construction of an ore-dressing plant which will process up to 2 million tons of alumina per year, and an electrolysis plant for the production of up to 1 million tons of aluminum per annum.
The project will be implemented in three stages with the introduction of up-to-date eco-friendly clean technologies.
According to the company’s estimates, more than 10,000 permanent jobs will be created during the project’s implementation.
Olzhas Bektenov said that the creation of a vertically integrated aluminum production in Kazakhstan was a unique project ensuring comprehensive development of the sector.
“The Government of Kazakhstan is ready for a long-term cooperation,” he stressed.
Liu Yongxing noted that Kazakhstan played an important role as a logistics center of Eurasia, and in the context of joint construction of the Road & Belt, it demonstrated unique geographical location and development potential.
Following the meeting, the relevant ministries were tasked to provide all-round support in the project’s implementation. It was noted that the company would undertake training local personnel and stage-by-stage increase of the share of domestic employees.
East Hope Group is among the world’s Top 10 leaders in aluminum production, which actively develops projects in polysilicon, green energy, agro-industrial complex and high technologies. (Kazinform)