Kazakhstan signs deal to make hydrogen at a $50 billion-plant

Kazakhstan plans to start producing green hydrogen via a $50 billion project by the end of the decade to help Europe to reduce reliance on fossil fuels. Svevind Energy Group, the company behind Europe’s largest wind farm in Sweden, signed an agreement with Kazakhstan’s government to build a 20 gigawatt green hydrogen plant that is expected to be one of the world’s largest, the company said on Thursday.For all the latest headlines follow our Google News channel online or via the app.The electrolyzers will be able to produce up to 2 million tons of green hydrogen per year from 2032, the equivalent to about one-fifth of the EU target for imported green hydrogen in 2030.“The investment agreement signed today takes the project into the next, decisive phase,” said Wolfgang Kropp, founder and CEO of Svevind Energy Group. “Kazakhstan is the ideal hosting country…

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