Kazakhstan To Develop Sustainable Aviation Fuel Ecosystem In Alatau City

(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 4. Kazakhstan and Hong Kong-based Full Vision Capital have signed a memorandum of understanding to develop an integrated ecosystem for sustainable aviation fuel (SAF) production in Alatau City.

According to the press service of Kazakh government, the agreement was signed following a meeting between Kazakhstan's Prime Minister Olzhas Bektenov and Full Vision Capital founder Peter Lee, during which the sides discussed long-term cooperation in the energy sector, including the development of clean aviation fuel production, smart energy solutions and advanced energy storage systems.

Special attention was paid to the launch of the first pilot project in Alatau City, which is being positioned as a platform for introducing new technologies and sustainable development solutions. "The Constitutional Law 'On the Special Legal Regime of Alatau City' provides investors with legal certainty, stable tax conditions and a one-stop-shop mechanism. Alatau City can become a pilot platform for localizing technologies and your development experience. The government is ready to provide the necessary support," Bektenov said.

According to the Prime Minister, the special legal regime creates favorable conditions for attracting investment and implementing innovative projects in the city.

Peter Lee presented Full Vision Capital's vision for further cooperation aimed at creating a long-term and scalable partnership model between the company and Kazakhstan. "It is a great honor for us to cooperate with the Government of Kazakhstan in supporting the green transformation of Alatau City. Through this partnership, we aim to introduce innovative technologies that will help Alatau, as well as Kazakhstan as a whole, establish a new international standard for sustainable urban development," Lee said.

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