ASTANA (TCA) — Epiphany Energy, a Canadian company, developed a patented technology for processing of associated and boil-off gas and generating diesel. The technology enables to reduce emissions caused by associated gas flaring as well as to save on capital costs due to its relatively small size and efficiency. Epiphany has joined forced with a South Korean investment fund, Key Capital Corporation, to invest into developing this technology in Kazakhstan, and has approached Kazakh Invest national investment support and promotion company to help find potential partners in the country’s oil and gas sector, Kazakh Invest said.
Being a single point of contact, Kazakh Invest provides comprehensive support to cater to all needs of foreign investors in Kazakhstan.
In other news, Kazakh Invest reported that ME-LE Biogas GmbH, which is headquartered in Germany and has over 20 years of experience in energy management and plant construction, together with a local partner, Altyn Dala, is planning to construct a biogas power plant on farmland in Kazakhstan’s Akmola region.
ME-LE Biogas GmbH has a long-term vision to expand the use of biogas as a renewable energy source in Kazakhstan by bringing investments and technical know-how to the country.
Kazakh Invest is supporting the project at all stages, particularly in concluding the contract, securing financing and obtaining necessary permits and approvals.