Samruk-Kazyna Set the Goal of Reducing Carbon Emissions by 10%

Samruk-Kazyna Set the Goal of Reducing Carbon Emissions by 10%

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07 October 2021

Today, as part of the World Energy Week framework and the KAZENERGY XIV Eurasian Forum, the final panel session, "Energy for Humanity," was held in Nur-Sultan.
Samruk-Kazyna CEO Almassadam Satkaliyev participated in the global plenary session "Balancing Fairness, Sustainability, and Security in Energy Regions."

The main topic of the session was the World Energy Trilemma Index. The Trilemma Index, developed by the World Energy Council (WEC), ranks countries according to three dimensions: energy security, energy equity and environmental sustainability. The tool is recognized as a good tool for identifying global best practices and seeing the need for adjustments.
Samruk-Kazyna CEO Almassadam Satkaliyev noted that the advancement of Kazakhstan to 42nd place in the Trilemma Index is a natural result of the joint systematic work of government bodies, backbone fuel, energy companies, the academic community, and industry Associations to improve the stability and reliability of the energy system of Kazakhstan.

 "Taking into account the role of Samruk-Kazyna in the national economy and the importance of impact on the environment and society, the Fund undertakes to ensure that its activities comply with the principles of Trilemma and sustainable development,"- said Almassadam Satkaliyev.

He also added that the development of alternative energy sources and the smart grid would require significant investments. That's why for countries with economies in transition, which account for only 10% of emissions of harmful substances into the atmosphere, it is essential to support the developed countries of the world, especially in terms of financing and competencies, in combination with the crucial role of international development institutions.

During the Forum, Samruk-Kazyna JSC, KazMunayGas JSC, and PJSC SIBUR Holding signed agreements on basic terms of cooperation on petrochemical and gas-chemical projects in SEZ National Industrial Petrochemical Technoparc (Atyrau).
The Parties have defined the conditions for establishing joint ventures integrated gas and chemical complex have been assessed. These are the construction of polyethylene production lines. Capacities are up to 1250 thousand tons and 500 thousand tons a year.

 After receiving regulatory approvals and commissioning, the share of PJSC SIBUR Holding in both joint ventures will be 40%.