Kazakhstan's Ambitions for Green Hydrogen: A $50 Billion Mega-Project
Key Ideas
  • Kazakhstan aims to become a key supplier of green hydrogen to the EU in light of the conflict between Russia and Ukraine.
  • German company Svevind Energy Group plans a $50 billion project in the Mangystau region to produce green hydrogen for export to Europe.
  • The project's expected production of 2 million tons per year could contribute significantly to the EU's green hydrogen import targets by 2030.
  • Full-scale operational capacity of the project is projected to be reached by 2027, providing a sustainable energy source for Europe.
In response to the conflict between Russia and Ukraine in 2022 and the EU's need to find alternative energy sources, Kazakhstan has set ambitious goals to supply the EU with green hydrogen. This move aligns with the EU's net-zero targets and the increasing global demand for sustainable energy solutions. Aiming to secure its position as a crucial supplier, Kazakhstan has attracted a $50 billion mega-project led by the German company Svevind Energy Group. The project, located in the Mangystau region, plans to produce up to 2 million tons of green hydrogen annually by 2027, which would account for nearly 20% of the EU's 2030 target for green hydrogen imports. This initiative not only addresses the EU's energy needs but also aims to provide critical metals used in nuclear power generation. The project's successful implementation would bolster Kazakhstan's role in the global energy transition, enhance international trade relations, and pave the way for significant investments in renewable energy infrastructure.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.