Elixir Energy signs hydrogen MoU in Mongolia

Sydney-listed Elixir Energy has signed a memorandum of understanding with Mongolia Green Finance Corp to support project finance for a green hydrogen pilot – the first phase of its Gobi H2 project, it said on January 18.

The parties will work on identifying Mongolian carbon offset opportunities at the household level. Elixir said its aim is to reduce its current exploration/appraisal stage scope 1 and 2 carbon emissions by such means.

They also plan to develop larger scale forestry/nature related offsets in Mongolia and work with international financial institutions over the project financing of Elixir’s proposed green hydrogen pilot production plant.

The company last year said that Mongolia is one of the best locations in the world to produce green hydrogen. It sees a significant demand potential for hydrogen in the Chinese market, especially in Inner Mongolia. Elixir’s key strategic rationale for exploring hydrogen in Mongolia is the locational advantage that it gives in supplying the world’s largest energy importer to its south.