February 24, 2026 News:
Under the framework of the "investment order" mechanism, in response to the demand put forward by the local government of Aktobe Region, the national investment promotion company "KAZAKH INVEST" is actively advancing a major investment project for the deep processing of chromium resources. The project aims to develop a chemical-metallurgical industrial cluster, cultivate high value-added manufacturing, and promote the upgrading of the regional industrial structure.
The project is implemented by one of the important global enterprises in the field of chromium deep processing – China's Sichuan Yinhe Chemical Co., Ltd. (Sichuan YinHe Chemical Co. Ltd.). It plans to build a modern integrated production site in Aktobe Region for the deep processing of chromium-containing raw materials. Upon commissioning, the project will produce various products including fertilizers, chemical products, materials for metallurgy, and biologically active additives. The designed annual capacity can reach 200,000 mt, with an estimated annual output value of approximately $1 billion; the unit price of some products can reach up to $300,000 per mt. The total investment scale of the project is about $500 million, with the potential to create over 600 jobs.
Sultanali Kenjekulov, Chairman of the Board of the national investment promotion company "KAZAKH INVEST", stated that during the systematic analysis of Aktobe Region's investment potential, comprehensive consideration was given to the region's resource base, export capabilities, and conditions for building a complete industry chain. The chromium industry and the chemical-metallurgical sector were clearly identified as priority development directions. He pointed out that the implementation of this project will significantly increase the depth of raw material processing and reduce the proportion of exports of primary and semi-finished products.
During the project justification process, KAZAKH INVEST held consultations with several leading international enterprises in the industry. Based on the consultation results, a Kazakh delegation was organized to conduct a field trip to the production site of Sichuan Yinhe Chemical Co., Ltd. During the field trip, the two sides held in-depth exchanges on technical solutions, ecological and environmental protection standards, and the feasibility parameters for achieving production localization in Kazakhstan.
The negotiation results showed that both sides confirmed their mutual willingness to implement this investment project and have signed corresponding agreements. The implementation of this project will contribute to building a new high-tech production system in Aktobe Region, creating stable demand for local raw materials, and further consolidating Kazakhstan's competitive position in the global market for deep-processed chromium products.
It is reported that the "investment order" mechanism is a proactive tool for attracting investment. Regional governments and state institutions, based on their own development needs, propose specific investment project demands in key industrial sectors. This mechanism, through systematic analysis of regional resource endowments and development needs, targets and introduces industry investors, and provides full-process support throughout all stages of the project, from conceptual design to commissioning and operation.
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