Kazakhstan, Full Vision to create green aviation fuel ecosystem in Alatau

ASTANA. Aug 4 (Interfax) - Kazakh authorities have signed a memorandum of understanding on the Green Kazakhstan project, which envisions the creation of an integrated ecosystem in the city of Alatau for the production of sustainable aviation fuel, the government press service reported.

The document was signed by the Alatau City Authority, the ministries of energy, agriculture and transport, and Hong Kong-based Full Vision Capital following a meeting on Tuesday between Prime Minister Olzhas Bektenov and company founder Peter Li.

The memorandum provides for exploring the creation of a full production cycle for SAF from cultivating agricultural feedstock to processing and manufacturing finished product. In addition, the parties will study opportunities to introduce smart energy solutions and nickel-hydrogen energy storage systems to enhance the reliability of power supply and integrate renewable energy sources.

During the meeting, the sides discussed prospects for long-term cooperation in the energy sector, including the development of clean aviation fuel production, smart energy solutions and advanced energy storage systems. Particular attention was paid to the implementation of the first pilot project on the territory of Alatau.

"The constitutional law on the special legal regime of the city of Alatau provides investors with legal certainty, stable tax conditions and a one-stop-shop principle. The city of Alatau can serve as a pilot site for localizing technologies and your development expertise. The government is ready to provide the necessary support," Bektenov is quoted as saying by the press service.

Full Vision Capital is an investment and incubation platform specializing in green economy projects, smart energy solutions and environmental technologies.

The city of Alatau was founded in January 2024 in the Almaty region. A constitutional law on a special legal regime was adopted for its development, providing tax incentives, a one-stop-shop principle for investors and the creation of an experimental platform for innovative and investment projects. Authorities position Alatau as a future international hub for business, technology, logistics and tourism.