ASTANA (TCA) — Kazakh Invest national company for investment support and promotion and the Turkish company BioTRend Energy recently signed a Memorandum on further cooperation in the construction of a waste processing complex in Kazakhstan. The document was signed after a meeting in Astana between Saparbek Tuyakbayev, the Chairman of the Board of Kazakh Invest, and Murat Aslan, the head of BioTRend Energy, Kazakh Invest reported.
The Turkish company intends to implement a project in the Turkestan region of southern Kazakhstan for the construction of a complex for agricultural waste recycling, mainly cotton, with the production of electricity and heat. The company announced its intention to process more than 340 thousand tons of waste per year. The amount of investments for the project implementation may reach 100 million USD.
For the successful project implementation, Kazakh Invest is working on the selection of the facility’s location and partners among domestic companies. At the moment, three districts of the Turkestan region with a large volume of cotton production (about 110 thousand hectares) have been identified, and meetings have been organized with representatives of local executive bodies.
The company BioTRend Energy, founded in 2012, is a leading enterprise for recycling agricultural products in Turkey. The main goal is the production of clean energy in accordance with international standards. Today, the company employs more than 200 people.
