French chemical company SNF SA plans to invest up to €100 million in developing a local production base in Kazakhstan, reports infohub.kz.
The agreements were formalized in a memorandum of cooperation signed at the Kazakhstan Enhanced Oil Recovery (EOR) Forum 2026. The forum, organized by Kazakhstan's Ministry of Energy, is being held on August 26-28 in Astana.
The memorandum provides for the development of polymer products and equipment manufacturing for the oil and gas sector in Kazakhstan. The parties also intend to work on introducing modern technologies and transferring relevant expertise.
SNF SA is considering allocating up to €100 million for the development of the local production base.
The Ministry of Energy expects that the project will meet the needs of key oil and gas industry clients, increase the share of local content, and create additional opportunities for regional projects.
SNF SA is a major French chemical company specializing in the production of water-soluble polymers. The company manufactures polyacrylamide-based flocculants and coagulants and is one of the world leaders in this field.
From SNF, the event was attended by Flavien Gatier, Director of Engineering for Enhanced Oil Recovery Applications and Oil & Gas Solutions. Also present were representatives of Alstron, Pavel Kibitkin and Alexey Antonnikov.
According to SNF, the group operates 23 production sites, with polyacrylamide production capacity reaching 1.67 million tons per year. The company's products are sold in 140 countries. SNF's portfolio includes over 1,100 products. According to its 2024 ESG report, the company estimated its global market share of polyacrylamides at more than 57%.
The separate French legal entity SNF SA reported revenue of €1.09 billion for 2025. EBITDA was €129 million, and net profit was €48.7 million. The previous year, the company earned €998 million in revenue and €64.6 million in net profit. SNF SA's authorized capital is €40 million.
In recent years, SNF has also been expanding its presence in oil and gas chemicals. In January 2026, the group completed the acquisition of the oil and gas division of Belgium's Syensqo for €135 million. The acquired business had about 600 employees, a portfolio of more than 700 products, and generated approximately €400 million in revenue in 2024.