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.
The memorandum was signed by Alatau City Authority, Kazakhstan’s
ministries of energy, agriculture and transport, and Full Vision
Capital under the Green Kazakhstan project. The document envisages
studying the creation of an integrated SAF production ecosystem
covering the entire value chain - from the cultivation of
agricultural raw materials to their processing and production of
finished fuel. The parties will also explore the introduction of
smart energy solutions and nickel-hydrogen energy storage systems
to improve energy reliability and support the integration of
renewable energy sources.
Following the meeting, Bektenov instructed relevant government
bodies and Alatau City Authority to facilitate the implementation
of pilot projects.
Full Vision Capital is an investment and incubation platform
focused on green economy projects and advanced technologies,
including smart energy solutions and environmental technologies.
The company was founded by Peter Lee, who also serves as chairman
of Henderson Land Group, The Hong Kong and China Gas Company
Limited (Towngas), and Towngas Smart Energy Company Limited.
