Italy Explores Petrochemical and Renewable Energy Projects in Kazakhstan
Italy is eyeing potential collaboration in petrochemical projects and fuel plant construction in Kazakhstan, as highlighted by Marco Beretta, President of the Italo-Kazakh Trade Association (ACIK). Beretta emphasized Kazakhstan’s energy resources, particularly crude oil, as a significant export to Italy. This partnership aims to enhance energy security and support sustainable development goals through renewable energy projects.
The cooperation between Kazakhstan and Italy in boosting renewable energy capacities is promising, with ongoing discussions on major green projects such as wind and solar energy investments. Kazakhstan aims to generate 30 percent of its electricity from renewable sources by 2030, supported by various policies attracting renewable energy investments.
Furthermore, Italy sees potential in expanding cargo transportation via the Middle Corridor, benefiting trade efficiency between China and Europe. Joint projects in infrastructure, machinery, pharmaceuticals, and renewable energy are in the pipeline, showcasing a robust partnership between Kazakhstan and Italy.
Overall, the trade turnover between Italy and Kazakhstan has shown resilience and growth, with collaborations in various sectors set to further strengthen economic relations between the two countries. Italy’s technological expertise and investment can significantly contribute to Kazakhstan’s economic diversification efforts. Let’s wait and watch how this promising partnership unfolds in the coming years.\
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