ASTANA, Kazakhstan, December 10. The Chinese company Xinjiang Hongshi Zhongyuan Trading Co is set to implement a project focusing on deep wood processing in Kazakhstan, Trend reports.
At the Kazakh Invest platform, the Chairman of the Committee for Investments of the Ministry of Foreign Affairs of Kazakhstan, Gabidulla Ospankulov, held a meeting with the management of Xinjiang Hongshi Zhongyuan Trading Co., Ltd., led by Ding Feng.
During the meeting, the parties discussed the company's plans to implement an investment project in Kazakhstan. The company is considering the possibility of building a production facility for the deep processing of burnt wood.
Representatives of Xinjiang Hongshi Zhongyuan Trading explained that the processing technologies allow turning wood waste into products with high added value.
"Despite technological challenges, the industry has important advantages, such as waste reduction, increased energy efficiency, and providing raw materials for various industries. This makes the deep processing of charred wood a promising part of the circular economy, presenting significant opportunities for the development of the industry in Kazakhstan," noted Ding Feng.
At the end of the meeting, the parties agreed to continue cooperation in implementing the promising investment project.
Deep processing of burnt wood is a process aimed at the efficient use of charcoal and charred residues resulting from fires or thermal treatment. Such technologies help minimize waste, extract valuable substances and energy from the material, and reduce environmental damage.
To note, since 2005, the total volume of gross investments from China in Kazakhstan’s economy has reached nearly $25 million. In the past year, the volume of direct Chinese investments grew by 15 percent, totaling over $1.6 billion. Currently, the pool of joint ventures includes more than 90 investment projects.