Elixir Energy (ASX:EXR) looks to explore hydrogen in Mongolia

Elixir Energy (ASX:EXR) looks to explore hydrogen in Mongolia
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Mongolian gas explorers Elixir Energy (EXR) will now be exploring for hydrogen as well as natural gas as the world transitions to carbon neutrality
After a review, the company believes it is exceptionally well-placed to benefit from many of the various aspects of the energy transition
Last week, China's President Xi announced that the country will strictly limit any increases in coal consumption over the next five years and start to phase out its use from 2026
Elixir believes this will provide a major market opening for gas

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