EU-Kazakhstan Forge Strategic Partnership In Raw Materials, Batteries, And Renewable Hydrogen
Date
5/22/2023 1:01:48 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 22. The
European Commission's Executive Vice-President, Valdis Dombrovskis,
and Kazakhstan's Prime Minister, Alikhan Smailov, approved a
Roadmap as part of the Memorandum of Understanding signed on
November 7, 2022, trend reports.
The Memorandum aims to ensure the development of a
secure and sustainable supply of raw materials and refined
materials. Additionally, it seeks to advance the development of
renewable hydrogen and battery value chains, with the aim of
promoting the green and digital transformation of both
economies.
With this Roadmap, the EU and Kazakhstan have established
specific areas of cooperation as part of the mentioned Memorandum.
The Roadmap has been agreed upon and endorsed for the 2023-2024
period.
The document addresses crucial needs such as the modernization
and decarbonization of the Kazakh mining industry, while
facilitating technology transfers and supporting the development of
renewable energy in both regions, crucial in tackling the climate
crisis. It also foresees closer cooperation on geological
exploration, research, and innovation.
Meanwhile, this cooperation builds upon the existing enhanced
partnership and cooperation agreement (EPCA) and aims to boost the
integration of EU and Kazakh strategic value chains related to raw
materials, batteries, and renewable hydrogen. The benefits of
closer cooperation are already evident, with initial projects
already underway.
MENAFN22052023000187011040ID1106284599
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.