SYDNEY, AUSTRALIA: Elixir Energy Limited entered into a Memorandum of Understanding (MOU) with SB Energy Corp (SBE) over a green hydrogen project in Mongolia.

The MOU provides a two-year framework (terminable with thirty days notice) under which the two parties will work together to progress the Gobi H2 project.

Each party will provide expertise in particular areas at their own cost (with no minimum or maximum spend required) to pursue a small scale pilot project as thefoundation for proving up a much larger development in the future.

Elixir is responsible for water resources and Government/local relations whilst SBE will engage with offtakers, technology providers and financiers.

Elixir’s Managing Director, Mr Neil Young, said: “We are delighted that the potential of our Gobi H2 project has been validated by the signing of a MOU with a company of the quality of SB Energy. This provides a foundation for a growing partnership to aggressively pursue what we consider to be a potential global Tier One green hydrogen export project.”