South Korea’s YPP Corporation has announced a major investment of $3.1 billion in a green hydrogen and ammonia production facility in Kazakhstan. The investment comes after signing a framework agreement with Kazakh Invest, the national investment promotion agency. The project, known as the "Green Energy Complex," is designed to establish a full-cycle production chain for green hydrogen and ammonia, powered by renewable energy sources. The complex will include solar and wind power plants with a total capacity of up to 2 gigawatts, along with electrolysis systems and ammonia synthesis units. It is expected to produce around 75,000 tons of green hydrogen and 310,000 tons of green ammonia annually, with a significant portion intended for export. Additionally, the project will contribute to Kazakhstan's domestic energy needs and includes infrastructure for energy storage, logistics, and water supply networks. The facility may also integrate with Kazakhstan's heat and power systems, particularly in the Almaty region. The agreement reflects Kazakhstan's long-term energy strategy and ambition to become a key player in green hydrogen production. YPP Corporation emphasized Kazakhstan's favorable geography and investment climate as factors that influenced their decision. The partnership aims to combine South Korea's advanced technology with global best practices in sustainable energy. The next phase of the project involves developing a detailed investment model, obtaining regulatory approvals, and potentially partnering with major offtakers such as Samsung C&T.