At the 7th meeting of the Kazakhstan-China Business Council, a memorandum of cooperation was signed between the Fund “Center of Scientific and Technological Initiatives ‘Samgau’” and China Venture Capital Asset Management Company Limited (CVC). The main direction of cooperation was the introduction of advanced technologies for oil sludge treatment. In light of the global impact of environmental problems and their particular relevance in the region, oil sludge treatment becomes a critical task for the preservation of clean water resources and protection of biodiversity. The group of companies of Samruk-Kazyna Fund pays special attention to effective R&D, which aims to solve specific practical problems in various sectors of the economy. The Fund actively supports innovative ideas and projects that contribute to sustainable development and modern technologies.