Chinese company XIYU AGRICULTURAL plans oilseed and fertilizer plants in North Kazakhstan

The akim of North Kazakhstan Region, Gauez Nurmukhambetov, met with Gy Kaihua, founder of XIYU AGRICULTURAL PTE. LTD. They discussed two projects. The first is an oilseed extraction plant in Gabit Musrepov District worth 81 billion tenge. The second is a pesticide and fertilizer plant in the Petropavlovsk special economic zone, with an estimated cost of 10 billion tenge.

The company already operates in the district, where it runs the Kazmeal compound feed plant. Talks on the oilseed plant began last year, when a regional delegation visited China. The project has been under way since the start of this year. The plant will be able to process up to 1,400 tonnes of oilseeds per day.

The project's estimated cost has risen over the year. In May, the figures given were 53 billion tenge, 150 jobs and completion by 2028. In September, the plant was added to the Ministry of Agriculture's list of priority projects, and in October a figure of about 80 billion tenge was cited.

The akimat expects both projects to increase processing of agricultural raw materials in the region and to supply farmers with the products they need. For farmers, the oilseed plant will be a buyer of sunflower, rapeseed and flax close to their fields. The effect on prices will become clear once the plants are up and running.