Elixir Energy has announced that a Term Sheet has been executed with SB Energy over the co-development of the Gobi H2 green hydrogen project located in the South Gobi region of Mongolia. The key purpose of the Term Sheet is to provide an exclusive framework for the two parties to advance towards the entering into a formal joint development agreement and a 50/50 joint venture upon the making of a FEED entry decision for a green hydrogen pilot project. The parties aim to reach this FEED stage by the middle of this year.The Term Sheet builds on the Memorandum of Understanding signed by the parties in June 2022 to progress investigations into the feasibility of the Gobi H2 project. Since then the various investigations carried out by Elixir and SBE into the potential of the project have progressed as planned to the point that the two parties have now agreed to upgrade their partnership through the execution of the Term Sheet.SBE has a renewable energy asset portfolio largely based in Japan as well as the 50 MW Tsetsii Wind Farm located in the Gobi region of Mongolia.
Elixir Energy has announced that a Term Sheet has been executed with SB Energy over the co-development of the Gobi H2 green hydrogen project located in the South Gobi region of Mongolia. The key purpose of the Term Sheet is to provide an exclusive framework for the two parties to advance towards the entering into a formal joint development agreement and a 50/50 joint venture upon the making of a FEED entry decision for a green hydrogen pilot project. The parties aim to reach this FEED stage by the middle of this year.The Term Sheet builds on the Memorandum of Understanding signed by the parties in June 2022 to progress investigations into the feasibility of the Gobi H2 project. Since then the various investigations carried out by Elixir and SBE into the potential of the project have progressed as planned to the point that the two parties have now agreed to upgrade their partnership through the execution of the Term Sheet.SBE has a renewable energy asset portfolio largely based in Japan as well as the 50 MW Tsetsii Wind Farm located in the Gobi region of Mongolia.
