A full-cycle oil extraction plant with a capacity of 500 tons per day opened in Ust-kamenogorsk

On December 12, 2025, with the support of Qazaqstan Investment Corporation JSC (a subsidiary of Baiterek NMH JSC) through the AOM SDF I B.V. direct investment fund managed by BV Management LLP, a formal opening ceremony was held in the city of Ust-Kamenogorsk for a new full-cycle oil extraction plant.

The project is being implemented by ALTAI MAI, with the participation of Agrarian Credit Corporation JSC, Export Credit Agency of Kazakhstan JSC, and Ertis Social-Entrepreneurial Corporation JSC.

Speaking at the opening ceremony, Bexsoltan Dias Askarovich, General Director of BV Management LLP, emphasized that the project will become a significant driver of regional economic development. According to him, the launch of the new facility will not only strengthen the country’s food security but will also ensure the production of high value-added products, helping increase export volumes and enhance the competitiveness of domestic processors in international markets.

He also noted that the project will contribute to job creation, the development of local agricultural cooperation, and demonstrates the effectiveness of public–private partnership in advancing high-tech industries.

The plant’s production capacity is 500 tons per day, with an on-site raw material storage facility capable of holding 32,000 tons. The total area of the enterprise covers 9.5 hectares. The technological process is built on a full-cycle principle — from raw material intake to packaging of finished products.

The primary objective of the project is to produce high-quality final products, ensure domestic supply of refined oil, and expand exports of unrefined oil.  

The project focuses on deep processing of agricultural raw materials and fully aligns with the priorities of national industrial policy, including economic diversification, growth of non-raw-material exports, improved efficiency of the agro-industrial complex, and expanded employment opportunities.

The ALTAI MAI project represents a successful example of cooperation between the government and the private sector, underscoring the importance of long-term financing in developing the industrial sector and strengthening Kazakhstan’s export potential.

For reference:

Qazaqstan Investment Corporation JSC is a fund of private equity funds established in 2007. Its main mission is to promote sustainable economic growth in Kazakhstan by attracting direct investment and supporting projects that contribute to the modernization and competitiveness of key industries. It is a subsidiary of Baiterek NMH JSC. Additional information can be found at https://qic.kz/

BV Management LLP is a subsidiary of Qazaqstan Investment Corporation JSC that invests in fast-growing and innovative companies implementing projects in priority sectors of Kazakhstan's economy.

Altai-Mai LLP is a modern full-cycle oilseed processing complex located in East Kazakhstan. The plant processes oilseed crops using advanced, internationally recognized technologies to ensure consistently high-quality products for both domestic and global markets. It is equipped with state-of-the-art machinery from Bühler (Switzerland), Cedar (Argentina), and HF Press+LipidTech (Germany). Additional information can be found at https://altaimai.com/#submenu:more-en