Prime Minister of Kazakhstan Olzhas Bektenov discussed cooperation in the field of agro-industrial complex and coal chemistry with Chairman of the Board of the Chinese company Fufeng Group Li Xuechun. Attention is paid to the issues of long-term investment cooperation with an emphasis on deep processing.
Fufeng Group Company Limited is a global leader in the bio–fermentation industry, specializing in the production of amino acids and their derivatives, as well as research and development in this field. The company is the largest producer of sodium glutamate and xanthan gum in the world.
Fufeng Group's proposal to create a vertically integrated industrial park in Kazakhstan for deep processing of corn, including plants for the production of starch sugar and fermentation of amino acids, as well as a coal-fired thermal power plant and a wastewater treatment plant, was discussed.
Deep processing of wheat and corn makes it possible to obtain products with high added value – starch, amino acids, sodium glutamate and xanthan gum, the price of which is 10-15 times higher than the cost of raw materials. Within the framework of the project, it is planned to create 1 thousand jobs, the volume of investments will be about $ 300-350 million.
Li Xuechun stressed the company's willingness to participate in the process of growing crops, provide high-quality fertilizers and share experience in modern agricultural technologies with Kazakhstani specialists. The investor also expressed interest in cooperation in the coal chemical sector.
The Head of the Government of Kazakhstan noted the importance of investments in the agro-industrial complex within the framework of achieving the goal set by the Head of State to ensure economic growth.
"Kazakhstan is striving to increase the production of high-value-added products, and the construction of complexes for deep grain processing is a priority. This is a strategic direction that allows us to diversify the economy and expand export opportunities. We have everything we need for this: infrastructure, raw materials and government support measures. The project will be a good example of value creation in the agro-industrial sector and the introduction of advanced technologies. The Government will provide the necessary support," Olzhas Bektenov said.
The emergence of such a major player in the Kazakh market as Fufeng Group will contribute to the diversification of agricultural crops, especially in the northern grain-growing regions. The company's planned conclusion of offtake contracts with Kazakhstani farmers will provide guarantees for effective cooperation.
Following the meeting, the Prime Minister instructed the Ministries of Agriculture, Industry and Construction to urgently begin preparing an investment agreement with Fufeng Group.

Source : https://www.gov.kz/memleket/entities/moa/press/news/details/875674