Kazakhstan oilseed processing investment is gaining strong international momentum. A Singapore-based company, XiYu Agricultural Pte. Ltd., has announced ambitious plans to build three oil extraction plants across Kazakhstan. Furthermore, the total investment in these projects will exceed 146 billion tenge. This development marks a significant step forward for Kazakhstan’s agricultural processing sector and its export capacity.
XiYu Agricultural Plans Three New Processing Plants in Kazakhstan
XiYu Agricultural Pte. Ltd. plans to implement projects in Kazakhstan involving the construction of three oil extraction plants. Moreover, these facilities will be located in the Almaty, Kostanay, and North Kazakhstan regions. Company representatives presented the investment component of these initiatives during a meeting with Gabidulla Ospankulov, Chairman of the Investment Committee at the Ministry of Foreign Affairs of the Republic of Kazakhstan, and Sultangali Kinzhakulov, Head of the national company Kazakh Invest.
According to the Kazakh Invest press service, XiYu Agricultural Pte. Ltd. focuses on strategic investment projects in Kazakhstan. Specifically, these projects center on the deep processing of grain and oilseed crops.
Kazakhstan Oilseed Processing Investment: Project Details
The three projects differ in scale and location. Nevertheless, together they form a powerful industrial initiative. Below are the key details for each project:
Project 1 — Almaty Region (“Kapshagay Bidai Onimderi” LLP):
- Investment volume: 39.7 billion tenge
- Projected annual export: 54.6 thousand tons of vegetable oil
- Additionally: 61.9 thousand tons of oil cake per year
Project 2 — Kostanay Region (“Tobol Agro Processing” LLP):
- Investment volume: 53.3 billion tenge
- Projected annual export: 228 thousand tons of vegetable oil
- Furthermore: 198 thousand tons of oil cake per year
Project 3 — North Kazakhstan Region (“Asyl Grain” LLP):
- Investment volume: 53.3 billion tenge
- Projected annual export: 216 thousand tons of vegetable oil
- Moreover: 192 thousand tons of oil cake per year
Combined Impact: Jobs, Capacity, and Export Growth
Kazakh Invest noted that the aggregate investment across the three projects will exceed 146 billion tenge. In addition, the total processing capacity will amount to over 3,000 tons of oilseed raw materials per day. Consequently, exports of finished products and by-products from the three plants are expected to total approximately 950,000 tons per year.
Furthermore, the implementation of these three projects will bring several key economic benefits:
- Creation of approximately 500 jobs
- Increased demand for domestic raw materials
- Development of the processing industry
- A rise in exports of high value-added products
These outcomes are therefore significant for Kazakhstan’s broader agricultural and industrial development.
It is also reported that XiYu Agricultural Pte. Ltd. has already successfully implemented projects in Kazakhstan. In particular, the company established modern facilities for the production of flour, animal feed, vegetable oil, oilseed cake, and packaging materials. As a result, these products are subsequently exported to China and Southeast Asian countries. Moreover, the aggregate production volume across its current projects already exceeds 2 million tons per year.
Source: Zerno On-Line (Russia)