Kazakhstan to build wheat processing plant
China’s Dalian Hesheng Holdings will invest $500M-$800M in the initial phase of a wheat processing industrial park in Kazakhstan’s Akmola region, with later phases raising the total to $1B. The plant will process 1M tonnes of wheat annually, expanding to 3M tonnes, creating 2,000 jobs. Kazakhstan, producing 15.8M tonnes of wheat in 2024-25, is strengthening agricultural ties with China.
KAZAKHSTAN — China’s Dalian Hesheng Holdings Group Co., Ltd. plans to construct a vertically integrated industrial park for deep processing of wheat in the Akmola region of Kazakhstan. The project will cost $500 million to $800 million during the initial phase and another $1 billon for the second and third phases, said the office of Kazakhstan Prime Minister Olzhas Bektenov, which announced the project Dec. 18.
Bektenov met with a Chinese delegation headed by Ma Hunhang, deputy chairman of the board of Dalian Hesheng Holdings, to discuss the wheat processing project and other investment opportunities within the country’s burgeoning agriculture industry. The plant is expected to process 1 million tonnes of wheat annually during the first phase and increase capacity to 3 million tonnes in subsequent phases and create about 2,000 jobs. Construction is set to begin in the second quarter of 2025.
The project will include the construction of a coal-fired thermal power plant and a coal chemical complex with a production capacity of 150,000 to 400,000 tonnes of liquid ammonia annually, which can be used in fertilizer production. In June, Kazakhstan announced China-based CITIC Construction would build a deep grain processing plant with an annual capacity of 1 million tonnes of wheat in the Almaty region at a cost of $1 billion. The plant will produce fructose syrup, crystalline fructose, allulose, crystalline dextrose, sodium gluconate, gluten and feed. Wheat is Kazakhstan’s largest crop by acreage, accounting for 80% of grain production. Production in marketing year 2024-25 is estimated at 15.8 million tonnes, according to the Foreign Agricultural Service (FAS) of the US Department of Agriculture. Kazakhstan also produces barley, cotton, sunflower seed and rice. The Central Asian nation has been expanding its trade with China, increasing crop exports from 750,000 tonnes in 2019 to 3.5 million tonnes in 2023.
To read more about Wheat News continue reading Agriinsite.com
Source : World Grain
Recommended for you
Leave a Reply
Leave a Reply
