South Korea's YPP and Kazakhstan's Kazakh Invest have signed a framework agreement for a green hydrogen production project in Kazakhstan. The project, with a potential investment of up to $3.1 billion, aims to establish a full-cycle production of green hydrogen and ammonia using renewable energy sources. It includes the construction of wind and solar power plants, electrolysis, and ammonia production units. The initiative is set to produce up to 75,000 tons of green hydrogen and 310,000 tons of green ammonia annually, with a focus on both domestic use and export. The project also involves developing local infrastructure, energy storage systems, and potential applications of hydrogen in energy. Kazakh Invest highlighted that this aligns with Kazakhstan's strategic priorities for developing the hydrogen energy sector. The partnership between YPP and Kazakhstan is seen as turning the country's renewable energy potential into tangible production, exports, and job creation. The agreement is expected to lead to further investment discussions, the formation of partnerships, and collaboration with organizations like South Korea's Samsung C&T.