KAZAKH INVEST and Jiujiang Economic and Technological Zone Sign Memorandum of Cooperation
Deputy Chairman of the Board of JSC “NC KAZAKH INVEST” Madiyar Sultanbek held a meeting with a delegation from the Jiujiang Economic and Technological Zone (PRC), led by Deputy Director of the Executive Committee Luo Gomin.
Following the negotiations, the parties signed a Memorandum of Understanding providing for the development of joint investment projects, exchange of information and advisory support, as well as assistance in attracting financing and finding partners.
The document will serve as a basis for strengthening economic ties between Kazakhstan and China, developing industrial cooperation, and facilitating technology transfer. The parties agreed to maintain regular interaction and work out promising areas of cooperation.
The discussion was also attended by Chinese company Shanghai Refire Energy Group Co., Ltd., specializing in hydrogen technologies. Refire representatives expressed interest in establishing a full cycle of green hydrogen production in Kazakhstan — from manufacturing equipment for its generation to producing hydrogen-powered engines. The company plans to launch production facilities in the country and is seeking a local partner to initiate the project.
Madiyar Sultanbek emphasized that the signing of the memorandum reflects the high level of trust between Kazakhstan and China and opens up new prospects for attracting investment in high-tech and environmentally sustainable projects.
For his part, Luo Gomin expressed the readiness of the Jiujiang Economic and Technological Zone to facilitate the successful implementation of joint initiatives in Kazakhstan and voiced confidence in the long-term nature of the partnership.
For reference:
Shanghai Refire Energy Group Co., Ltd. is a leading Chinese company in the field of hydrogen technologies, founded in 2015. Since 2024, its shares have been listed on the Hong Kong Stock Exchange. Refire is building a full hydrogen ecosystem — from green energy production to the use of hydrogen in power generation and transport. The company operates two R&D centers and three plants located in China, Europe, and North America. It employs about 420 staff, including 120 engineers and researchers. Refire products are used in buses, heavy trucks, mining and construction machinery, ports, and airports. As of the end of 2024, more than 7,000 hydrogen fuel cell power units were in operation, with a total mileage exceeding 300 million kilometers.
