Kazakh Invest and China’s Sichuan YinHe Chemical have agreed to establish a high-tech facility for the deep processing of chromium-bearing raw materials in Kazakhstan’s Aktobe region. The decision followed a series of negotiations and a site visit to the Chinese partner’s operations, Kazakh Invest said in a statement.
The planned industrial complex will focus on the production of fertilizers, chemical products, metallurgical components and dietary supplements. According to preliminary estimates, the plant will have an annual output capacity of up to 200,000 tonnes, with projected yearly production valued at around $1 billion.
Total investment in the project is estimated at approximately $500 million. The facility is expected to create more than 600 jobs and generate stable demand for locally available chromium raw materials, strengthening the region’s industrial base.
Kazakh Invest said its analysis of the Aktobe region identified chromium and chemical-metallurgical industries as priority areas, citing significant ore reserves, export potential and favorable conditions for building a full value chain. The project is intended to increase the depth of raw material processing, shifting away from exports of semi-processed materials toward higher value-added products.
The initiative follows earlier announcements involving another Chinese investor, Suzhou Hunan New Materials, which has proposed a $150 million project to process chromium concentrate in the Aktobe region, with plans to later add metallic chromium production.
