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Project Description
The project entails building a modern oil extraction plant within the Qyzyljar Special Economic Zone in Petropavlovsk, North Kazakhstan Region. The facility is designed to process 924,000 tonnes of oilseeds annually, including sunflower, flaxseed, and rapeseed, producing high-quality vegetable oils and related by-products. The entire oil production is planned for export to China, Uzbekistan, Iran, Turkey, and EU countries such as Poland and Belgium. The company aims to sell approximately 50% of the meal and husk volume in the markets of Uzbekistan and EU countries like France and Italy, while the remaining products will be sold on the domestic market. This initiative aims to enhance the region's agricultural processing capabilities, boost export potential, and stimulate the local economy by creating over 250 new jobs.
Project Phase:
Procurement & Construction
Investment Value:
46 582 $
Location:
North Kazakhstan Region, Казахстан
Start Date:
1/1/2023
End Date:
1/1/2028
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Other important details
Strategic Location: The plant's location in the Qyzyljar Special Economic Zone offers access to a well-developed transportation hub, ensuring efficient product delivery throughout Kazakhstan and neighboring countries.
Company Background: Atameken-Agro-Oils LLP is part of Atameken-Agro JSC, a prominent agricultural holding in Kazakhstan. The holding manages over 440,000 hectares of land in the North Kazakhstan and Akmola regions, producing approximately 400,000 tonnes of various crops annually for domestic and international markets.
Financial Support: In 2023, the European Bank for Reconstruction and Development (EBRD) provided a senior secured loan of up to US$10 million to Atameken-Agro JSC. The funds are intended to support the modernization, energy efficiency, and environmental improvements of its agricultural machinery.