Kallanish
Summary
South Korean engineering and energy company YPP Corporation plans to invest up to $3.1 billion to set up a green hydrogen and ammonia project in Kazakhstan, Kallanish learns.
Under a framework agreement with the government investment agency, Kazakh Invest, the duo is targeting the production of 75,000 tonnes/year of green hydrogen, some of which would be converted into 310,000 t/y of green ammonia. While part of the ammonia volumes would be used domestically, the majority is intended for exports.
The facility would see the construction of up to 2 gigawatts (GW) of wind and solar plants, Kazakh Invest says, as well as the development of energy storage systems, water supply, and logistics. The partners are also considering the potential applications of hydrogen in energy, likely through the modernisation of combined heat and power (CHP) plants in the Almaty region.
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