Page 9 - AsiaElec Week 30 2022
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AsiaElec HYDROGEN AsiaElec
Elixir Energy, SB Energy
to pursue Gobi H2 green
hydrogen project in Mongolia
MONGOLIA ELIXIR Energy has signed a memorandum of and hydrogen in the future - as coming from a
understanding (MoU) with SB Energy Corp very secure location. The longer term plans for
(SBE), a wholly owned subsidiary of Japan’s the Gobi H2 project envision delivering hydro-
SoftBank Group Corp, to progress the Gobi H2 gen by pipeline to customers in China - a far
green hydrogen project, according to Elixir’s cheaper delivery mechanism than seaborne
2Q22 activities report. hydrogen,” Elixir noted.
Elixir said the MoU was a significant affir- Aside from the underdeveloped green hydro-
mation of the strategic reasoning underlying gen project, Elixir has a mature gas project (in
Southern Mongolia’s advantages as a future the form of methane) in Southern Mongolia,
green hydrogen export hub. which the company plans to progress side-by-
The company’s goal in working with SBE was side with the Gobi H2 project. “Indeed, we find
to eventually jointly develop a gigawatt-class that there are material synergies between the two
green hydrogen production project in Mongo- projects in areas such as local Government and
lia, it added. Elixir said it saw China’s shift toward community relationship management, water
green hydrogen as an opportunity, and Mongo- exploration,” Elixir said.
lia as an optimal location to meet China’s future Water exploration may become a contentious
energy needs. topic in the future, as Mongolia lacks substantial
“ Our view is that China views energy sources water sources, particularly in the south. In the
derived from Mongolia - coal and crude oil at past, mining companies have frequently clashed
present - and if our plans are successful, methane with local herders over water resources.
Week 30 27•July•2022 www. NEWSBASE .com P9
