Kazakhstan Makes $50 Billion Bet On Green Hydrogen

Best known as an oil and gas hub, western Kazakhstan hopes to become a leading global exporter of clean energy. The government has signed a $50 billion deal with European renewables group Svevind to build one of the world’s five largest green hydrogen production facilities in Mangystau Region, President Kassym-Jomart Tokayev’s office announced on October 27. Hyrasia One will use electricity generated by solar panels and wind turbines to separate hydrogen gas from water. It aims to start production by 2030 and produce 2 million tons…