Hyrasia One (Updated)
PROJECT ID
905202534
SECTOR
Energy & Power Generation
PROJECT PHASE
Engineering Design & Planning
LOCATION
Mangystau Region, Kazakhstan
END DATE
1/1/2030
INVESTMENT VALUE
$ 50 000 M
Active
Verified
Last Updated: 25 April 2026
Publication: 21 April 2026
PROJECT DESCRIPTION
Hyrasia One is a large-scale green hydrogen production project located in the Mangystau region of Kazakhstan. The project is being developed with the participation of international investors, including the German company Svevind. Its primary objective is to produce hydrogen and ammonia for export to European markets. A key feature of the project is the exclusive use of renewable energy sources. The energy system will be based on wind and solar power generation. The total installed renewable capacity is expected to reach up to 40 GW. This makes it one of the largest projects of its kind globally. Electrolyzers with a capacity of approximately ... Read more
Involved Companies & Contacts
INVOLVED COMPANIES & CONTACTS
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Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
Other important details
Dr. Martin Stickel - Renewable Energies & Environment at Fichtner- martin.stickel@fichtner.de (+49 711 8995-684)
The project is not yet under construction and remains at the development and investment preparation stage.
The absence of a final investment decision (FID), expected in 2026, creates significant uncertainty.
The high capital cost (up to $50 billion) makes securing full financing challenging.
The project depends on the global hydrogen market, which is still emerging and does not yet guarantee stable demand.
The project location faces water scarcity, requiring energy-intensive desalination solutions.
The lack of established infrastructure for hydrogen and ammonia transport increases capital expenditures.
The need to build large-scale power grids and logistics networks adds technical complexity and risk.
Potential environmental risks include land use impact and ecosystem disruption.
Geopolitical factors, including dependence on export routes and EU policies, may affect timelines and overall project implementation.
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