South Korea’s YPP Corporation is set to invest up to $3.1 billion in a large-scale green hydrogen and ammonia production facility in Kazakhstan, following the signing of a framework agreement with the national investment promotion agency, Kazakh Invest.
The agreement was signed on July 15 by Azamat Kozhanov, Deputy Chairman of Kazakh Invest, and John M. Bek, Chairman of the Board at YPP Corporation (Your Permanent Partner), an engineering and energy firm based in South Korea.
According to Kazakh Invest, the “Green Energy Complex” aims to establish a full-cycle production chain for green hydrogen and ammonia powered by renewable energy. The project includes the construction of solar and wind power plants with a combined capacity of up to 2 gigawatts, along with electrolysis systems and ammonia synthesis units. Annual output is projected at up to 75,000 tons of green hydrogen and 310,000 tons of green ammonia.
While most of the output will be exported, a portion will be used domestically. The facility will also include supporting infrastructure such as energy storage systems, logistics and water supply networks, and potential integration into Kazakhstan’s heat and power systems, particularly in the Almaty region.
“This project fully aligns with Kazakhstan’s long-term energy strategy and our ambition to become a key player in green hydrogen,” said Kozhanov. “Kazakhstan’s renewable energy potential is estimated at 1,820 billion kWh from wind and 2.5 billion kWh from solar annually. Global interest in developing green energy here is growing steadily.”
YPP founder John M. Bek cited Kazakhstan’s favorable geography and investment climate. “We see Kazakhstan as a strategic partner and are committed to implementing a project that brings together Korea’s advanced technology and global best practices in sustainable energy,” he said.
The agreement paves the way for the next phase of development, including a detailed investment model, regulatory approvals, and potential partnerships with major offtakers such as Samsung C&T.
