LLP Zhetysu Kazynasy wants to address the issues posed by a changing global environment and climate change. See how the company intends to transition into a supplier of integrated sustainable materials, chemicals, and fuels with an emphasis on circular economy solutions, and how it hopes to become carbon neutral by 2050. That means we have to get rid of all greenhouse gas emissions by the middle of this century. The energy sector is the main source of this issue. Even as the role of oil and gas in the world economy declines, a dependable and reasonably priced energy source will remain crucial.

To build a more sustainable and environmentally friendly mobility system, we need to transition to other feedstocks. Because of strict laws and consumer behavior, it is predicted that Europe’s biofuel usage will have almost tripled by the end of this decade. The need for minerals and chemicals will rise along with the world’s population, wealth, and level of living. Many of the common electronics we use on a daily basis, such as computers and telephones, are made from high-performance plastics.

Airbags, helmets, and medical equipment are examples of safety improvements that not only save lives but also make our cars and airplanes lighter and more fuel-efficient. Because lightweight solutions provide advantages including strength, flexibility, and—most importantly—low production costs, they are crucial for building a low-carbon economy. They are also necessary for contemporary, healthful living. However, we must change the method that we dispose of plastic. Polymers must be viewed as a component of the solution rather than the problem.

To become a net-zero corporation by 2050, we plan to gradually cut our production of oil and gas by 20% and ultimately stop producing it entirely for energy use. We will continue to invest in conventional exploration and production through 2030, at which point we will significantly scale back our investment. More than 60% of the energy utilized will come from gas, underscoring its role as a transitional energy source that makes the use of renewable sources possible. In order to take advantage of available resources and knowledge and help create a more sustainable society, E&P will invest in geothermal energy and carbon capture and storage (CCS) at the same time.

The plan considers changes to the LLP Zhetysu Kazynasy Gas asset portfolio, such as the branching out of the company into a separate national corporation and the growth of the petrochemical industry, in addition to the global trend of moving toward clean energy and carbon management. The Company will continue to integrate sustainable development principles into essential business processes because it recognizes the significance of its effects on the economy, ecology, and society. This will ensure that social, environmental, and economic concerns align with corporate governance objectives. Over the next 10 years, expanding its resource base, increasing the efficiency of its current output, creating new processing, putting cutting-edge technologies into practice, and lowering its carbon footprint will all help the company prosper.