Elixir eyes hydrogen projects in Mongolia
Sydney-listed Elixir Energy considers Mongolia as one of the best locations in the world to produce green hydrogen, it said on September 29.
The company 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.
“Inner Mongolian steel mills are an excellent target market for Mongolian hydrogen,” it said.
Elixir’s Mongolian subsidiary, GOH Clean Energy, has been working on various initiatives to pursue hydrogen opportunities in the country. The company said it is progressively engaging with relevant stakeholders to build “competitive foundations to participate in an emerging massive new energy industry in a strongly advantaged location.”
The company said its coalbed methane assets in Mongolia are highly complementary to pursuing more clean energy ventures. Elixir has commissioned a study on a hydrogen supportive legal system which will be shared with the Mongolian government, it said.