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HomeMongolia NewsElixir Energy well-placed to benefit from Mongolia and China decarbonisation policies as...

Elixir Energy well-placed to benefit from Mongolia and China decarbonisation policies as it moves to set up Mongolia’s first gas-fired generation plant

Elixir Energy Ltd (ASX:EXR) is very well placed to benefit from Mongolia’s and China’s decarbonisation policies as it ramps up plans to set up Mongolia’s first gas-fired generation plant in the South Gobi region using natural gas, and at the same time develop the region’s first green hydrogen project.

The gas exploration and development company has already achieved progress on multiple fronts for its green hydrogen project – Gobi H2 – including the recent signing of a memorandum of understanding (MoU) to support project finance with the Mongolia Green Finance Corporate, a joint-public-private sector body.

It has also submitted a detailed analysis of the legal issues surrounding a potential green hydrogen project in Mongolia to the Ministry of Energy, which concludes that no new major legislation is needed for the development of green hydrogen projects in Mongolia.

Elixir is also confirming the bankability of the renewable…

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