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KMG and China's CVC to cooperate in the field of waste management

02.07.2024

NC KazMunayGas JSC (KMG) and China Venture Capital (CVC) have signed a Memorandum of Understanding in the field of hazardous waste recycling and disposal.

The document was signed by Askhat Khassenov, Chairman of the Management Board of NC KazMunayGas JSC and Sun Yang, Senior Advisor to China Venture Capital (CVC).

The parties agreed to cooperate in exploring the possibilities of processing and neutralizing hazardous waste (oil sludge) through pyrolysis, generated during the operation of KMG's and its subsidiaries’ oil fields.

Background:

China Venture Capital Company, Limited was founded in January 1985 and is a holding subsidiary of CITIC Capital Holdings Limited, which is part of the CITIC Group. The company operates in four main areas: fund management; renewable energy and ecology; high technology and innovation; and supply chain services.


JSC NC KazMunayGas

NC KazMunayGas JSC (KMG) and China Venture Capital (CVC) have signed a Memorandum of Understanding in the field of hazardous waste recycling and disposal.

The document was signed by Askhat Khassenov, Chairman of the Management Board of NC KazMunayGas JSC and Sun Yang, Senior Advisor to China Venture Capital (CVC).

The parties agreed to cooperate in exploring the possibilities of processing and neutralizing hazardous waste (oil sludge) through pyrolysis, generated during the operation of KMG's and its subsidiaries’ oil fields.

Background:

China Venture Capital Company, Limited was founded in January 1985 and is a holding subsidiary of CITIC Capital Holdings Limited, which is part of the CITIC Group. The company operates in four main areas: fund management; renewable energy and ecology; high technology and innovation; and supply chain services.


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