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Europe has turned its attention to faraway Kazakhstan as it searches for rare earth metals and blank hydrogen to meet its green economy goals.
On November 7, the European Commission signed an agreement with the government of Kazakhstan to expand the use of green hydrogen and unfired fabrics to manufacture devices such as wind turbines and batteries for electric cars.
The memorandum of understanding, signed on the sidelines of the COP27 climate replacement convention in Egypt, “will breathe life into the green and virtual transformation of both sides’ economies,” the committee said.
“A safe and sustainable source of raw fabrics, subtle fabrics and renewable hydrogen is a key detail to help build a new, cleaner foundation for our economies, especially as we move away from our dependence on fossil fuels,” said European Commission President Ursula Von. right. says Leyen.
“Together, we will work to better integrate our strategic chains such as raw materials, batteries and renewable hydrogen,” he added.
Achieving the goals of the green and virtual economy “requires an adequate amount of fast raw fabrics and specific minerals in which Kazakhstan is so involved,” von Der Leyen continued. “Therefore, raw fabrics and renewable hydrogen are not only imperative elements for our sustainable future, but also for our shared prosperity. “Related: Kazakhstan prepares to boost oil exports
Another domain is cooperation in capacity building, skills development, studies and innovation. This includes “decarbonizing the price chain of critical raw materials, adding renewable energy and digitalization,” and “greening and sustainability of mining processes. “
Another priority is to “build the resilience of origin chains for raw materials, batteries and renewable hydrogen. “This may be the most complicated given the disruptions to the chain of origin between Kazakhstan and Europe caused by Russia’s war in Ukraine.
Efforts are underway to expand the direction of the “Middle Corridor”, bypassing Russia and crossing the Caspian Sea, but the removal of bottlenecks will take several years.
Critical raw materials known in the EU come with rare earth tycoons for wind turbines; lithium and cobalt, for batteries; and polysilicon, for semiconductors.
Astana knew lithium mining as a promising one two years ago.
Kazakhstan has about 50,000 metric tons of deposits, according to estimates by the U. S. Geological Survey. That’s a fraction of the world’s 89 million tons of deposits, but an amount in a world hungry for rare earths.
But to get it out of the ground, “you need substantial investment in exploration. “
Kazakhstan’s hydrogen ambitions are already advancing.
Last month, it signed a $50 billion deal with European renewable energy organization Svevind to build one of the world’s largest hydrogen plants in the western Mangystau region.
Hyrasia One aims to start production until 2030 and produce 2 million tonnes consistent with the year from 2032. This is a fifth of the EU’s 2030 target for green hydrogen imports.
At COP27, the government also signed an agreement with Australian renewable energy company Fortescue Future Industries to pursue energy opportunities in Mangystau and elsewhere.
The agreement “will explore prospective projects for renewable energy resources and green hydrogen production in several regions of Kazakhstan, adding Atyrau and Mangistau, regions in water resources and wind resources,” FFI said.
For Eurasianet. org
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