The agreement with CDIF opens new opportunities for the company’s growth. The invested funds will enable an increase in production volumes, strengthening the international market position of BioOperations and enhancing its export potential. Additionally, the project includes the creation of new jobs, contributing to improved economic conditions in the region.
The company emphasized the importance of this milestone:
"The agreement with CDIF marks a strategic step for KazFoodProducts, which includes BioOperations LLP as part of its group. Partnering with an international fund will open new growth prospects and positively impact the development of the entire industry. We view this cooperation as part of the ambitious goal set by the President of the Republic of Kazakhstan to make the country a global leader in the advanced processing of grain products.”
Dylan Morgan, CEO of Chevron Direct Investment Fund Ltd., also commented:
"Chevron Direct Investment Fund Ltd. is proud to partner with BioOperations LLP in promoting sustainable energy solutions in Kazakhstan. This investment highlights our commitment to supporting innovation, creating jobs, and fostering local economic development. Together, we aim to make significant progress in the alternative biofuel industry, contributing to a greener and more prosperous future for the region.”
BioOperations LLP, a flagship company within the KazFoodProducts holding, is Kazakhstan’s leading producer of bioethanol — an environmentally friendly and safe biofuel. The plant, located in the city of Taiynsha in the North Kazakhstan region, processes over 250,000 tons of wheat annually. Its product range includes fuel-grade bioethanol, wheat starch, gluten, feed additives, and carbon dioxide. The company exports to the USA, Europe, Asia, and other regions, with products certified to international standards such as FSSC 22000, ISCC, FDA, Halal, and EDGE (gender equality).
Chevron Direct Investment Fund Ltd. is a private investment firm registered with the Astana International Financial Centre (AIFC). CDIF invests in the sustainable development of Kazakhstan’s economy across various sectors, including agriculture, clean technologies, and digitalization.
