(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 25. The Middle
Corridor is the most favorable route for transporting green ammonia
from Kazakhstan to the European market, Ainur Tumysheva, Investment
Director of the Hyrasia One project and regional representative of
SVEVIND energy in Kazakhstan, told Trend in an exclusive interview.
Tumysheva laid it all on the line about the Hyrasia One project,
nestled in Kazakhstan's Mangystau region. The plan is to roll up
their sleeves and build a plant that will churn out green hydrogen,
which will then be transformed into green ammonia for the long
haul. The German-owned SVEVIND Energy Group is rolling up its
sleeves and making strides, hitting several key milestones over the
past year.
"We have been engaged in the Hyrasia One project for the last
three years. Although we remain in the preliminary phase, we have
achieved considerable advancement. We have finalized pre-FEED
(pre-front-end engineering and design work and activities)studies
with Technic Genesis, initiated our environmental and social impact
evaluations, and are currently obtaining requisite permits and
resources," she said.
The investment director stated that Hyrasia One is an
environmentally sustainable project, with its developers dedicated
to complying with international environmental standards, including
those established by the World Bank (WB) and the European Bank for
Reconstruction and Development (EBRD).
She made it clear that the environmental and social assessments
for the project, which are in full swing, touch on a myriad of
issues like biodiversity, water usage, archaeological matters, and
the migratory habits of birds and bats. These are all pieces of the
puzzle to make sure the project hits the nail on the head when it
comes to the highest ecological standards.
"We are committed to having minimal environmental impact while
constructing and operating the project. This is crucial for both
securing financing and fulfilling our commitment to green energy
development," Tumysheva explained.
As the project rolls along, Hyrasia One is also putting the
wheels in motion for transportation logistics concerning its green
ammonia product. The director pointed out that the end game, green
hydrogen, will be transformed into ammonia to make it a walk in the
park for transport.
"Green ammonia serves as the energy carrier for long-distance
transportation. We have performed a comprehensive transport and
logistics evaluation with our partner, Deutsche Bahn, examining the
current infrastructure corridors linking Kazakhstan to Europe and
Asia," she said.
As Tumysheva points out, the best bet for getting green ammonia
to Europe is the Middle Corridor, which sails over the Caspian Sea
and winds its way through Azerbaijan.
"We have evaluated the technical feasibility of utilizing the
Middle Corridor for the transportation of green ammonia and
determined that it is a viable option. This will rely on obtaining
long-term, binding take-or-pay agreements with purchasers in
Europe. If demand originates in Europe, it is quite probable that
the ammonia will transit through Azerbaijan," Tumysheva stated.
She further underscored that the project's success hinges on
forging robust agreements with European consumers to guarantee a
steady demand for green ammonia, thereby validating the investment
in transportation infrastructure.
Tumysheva pointed out that Kazakhstan's commitment to renewable
energy is another key element of the Hyrasia One project and the
country has set ambitious goals to reduce its carbon emissions as
part of its obligations under the Paris Agreement. Kazakhstan aims
to reach net-zero emissions by 2060 and is rapidly developing
renewable energy projects, particularly wind and solar power.
"At present, renewable energy sources account for about 6.5
percent of Kazakhstan's national grid, and the government aims to
increase that to 15 percent by 2030. Kazakhstan has tremendous
potential for renewable energy, especially wind and solar. The
country's geographical conditions are ideal for large-scale
renewable electricity generation," Tumysheva said.
She believes that Kazakhstan is sitting pretty to turn into a
regional hotspot not just for green hydrogen, but also for green
electricity. She pointed out the recent handshake between
Azerbaijan, Kazakhstan, and Uzbekistan to kick the tires on the
idea of building an electricity transmission link to ferry green
energy to the EU.
"Both Kazakhstan and Uzbekistan have fantastic wind resources,
and we've been measuring these resources for the past two years.
These conditions could make the region a major player in the global
renewable energy market," she said.
Tumysheva also addressed the broader potential for renewable
energy projects in the region. She mentioned that SVEVIND Energy
has developed large-scale projects in Arctic Sweden, including
Europe's largest onshore wind park. However, Hyrasia One in
Kazakhstan is currently SVEVIND's only green energy project outside
of Europe.
"Given the excellent wind and solar conditions in Kazakhstan and
the surrounding region, there is significant potential for future
renewable energy projects, not only in Kazakhstan but also in
neighboring countries," Tumysheva said.
Tumysheva stressed that the Hyrasia One project is SVEVIND's
current priority, even if the area has long-term expansion
potential.
"For now, the Hyrasia One is the only major project we are
developing in this region, but there's clearly significant
potential for future investments in renewable energy across Central
Asia," she said.
MENAFN25112024000187011040ID1108921083
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.