July 17, 2025 [H2 View]- South Korean engineering firm YPP Corporation has outlined plans to invest up to $3.1bn in a green hydrogen and ammonia project located in Kazakhstan.

A framework agreement on cooperation for the green hydrogen project was signed during a meeting between the Deputy Chairman of the Management Board of Kazakh Invest and John Bek, YPP Founder and Chairman of the Board

Powered by a planned 2GW of installed wind and solar capacity, the Green Energy Complex is expected to produce up to 75,000 tonnes of green hydrogen annually, a portion of which will be synthesised into 310,000 tonnes of green ammonia.

The initiative is also set to involve the development of local infrastructure, including energy storage systems, water supply, logistics, and potential applications of hydrogen in energy, potentially through the modernisation of combined heat and power (CHP) plants in the Almaty region.

Furthermore, the engineering and energy systems firm plans to use part of the hydrogen and ammonia output domestically, with the majority intended for export.

YPP Founder Bek praised the support received from the Kazakhstan government, adding that the nation has “unique natural conditions” for producing green hydrogen.

“We view the Republic of Kazakhstan as a strategic partner and intend to implement a project that combines Korea’s best technologies with global approaches to sustainable production,” explained Bek.
Invest Kazakh’s Azamat Kozhanov added, “Kazakhstan has tremendous potential — up to 1,820 billion kWh per year for wind and 2.5 billion kWh for solar.

“Dozens of initiatives are already underway, and we believe that partnerships like the one with YPP will turn this potential into tangible production, exports, and new jobs.”

Under the country’s 2024 hydrogen strategy, Kazakhstan aims to install a minimum of 10GW of electrolyser capacity and renewable energy capacity, respectively, by 2040.

Developments are taking shape. German-based Svevind is developing a $50bn green hydrogen project in Kazakhstan’s Mangystau Region.

While the company entered the pre-FEED phase in 2023, no further updates on the Hyrasia One project have been released since former German Chancellor Olaf Scholz described it last year as having the “potential to become a real flagship project.”