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Kazakhstan'sQarmet secures financing for new coke oven batt-Heat Treatment Exhibition-Industrial Furnace Exhibition-The 26th China(Guangzhou)International Heat Treatment, Industrial Furnace Exhibition
3/3/2026 热处理展-工业炉展-heat treatment expo-furnace expo |
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Kazakhstan-based steelmaker Qarmet has secured long-term financing for the construction of a new coke ovenbattery complex following the signing of a credit agreement with the Development Bank of Kazakhstan (DBK),according to a statement released by the latter.
The project involves construction of two modern coke oven batteries with a combined annual productioncapacity of 1.5 milion mt, replacing the aging facilities currently in operation. The investment represents acentral element of Qarmet''s broader modernization strategy focused on improving efficiency, reducingproduction costs and strengthening raw material self-sufficiency.
Target to ensure stable coke supply from 2029
Upon completion, the project is expected to supportsustained coke output of around 2.5 million mt per yearfrom 2029 onward, ensuring stable blast furnaceoperations and long-term reliability across Qarmet''ssteelmaking chain.
The total project investment is estimated at $435 million.Under the agreement, DBK will provide financing of upto $337 million through a 13-year loan denominated inChinese yuan.
Import substitution and environmental upgrades
According to DBK chairman Marat Yelibayev, the modernization program will allow Qarmet to fully eliminatedependence on imported coke by 2029, strengthening domestic raw material security.The new facilities will also incorporate advanced gas-cleaning systems aimed at reducing emissions andimproving regional air quality.
热处理展-工业炉展-2026第二十六届广州国际热处理、工业炉展览会-巨浪展览-Heat Treatment Exhibition-Industrial Furnace Exhibition-The 26th China(Guangzhou)International Heat Treatment, Industrial Furnace Exhibition
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