URECA is a climate-tech startup whose mission is to make carbon offsetting accessible to everyone by utilizing cutting-edge technology.
URECA has recently launched its Mongolian website ureca.mn , dedicated to serving Mongolian companies. Their consultancy services encompass a wide range of offerings, including:
- Carbon emissions calculation
- Mitigation target setting
- Mitigation strategy development
- Global best practices, along with tailored training programs.
We anticipate a fruitful collaboration in advancing global ESG objectives together. |
|
| On July 5th, 2024, EuroChamber held its FDI working group meeting. |
| During the session, Mr. Adiyasuren Jamiyandagva, Project Manager at Konrad-Adenauer-Stiftung in Mongolia, shared his insights into the Mongolian political landscape following the 2024 parliamentary elections and its implications for foreign direct investment in Mongolia. Special thanks to Intelmind LLC for providing the meeting space.
EuroChamber's FDI Working Group is chaired by Mr. Daniel Mahoney, Partner at MahoneyLiotta LLP and Ms. Ariuntuya Rentsen, Legal Director at Badrakh Energy LLC. |
|
|
|
| For the first time, Ulaanbaatar City traded bonds worth MNT 500 billion on the domestic capital market, and invested MNT 300 billion in the Buuruljuut Power Plant. As a result, the first block, with a capacity of 150 MW, is set to be operational by October 2024.
The Buuruljuut Power Plant, located in Bayanjargalan soum of Tuv aimag, 120 km from Ulaanbaatar City, is planned to have a total capacity of 600 MW, divided into four blocks. Currently, 72 percent of the work on the first block is completed. The GIS 220 kV outdoor switchgear equipment has been installed, and the exterior construction has finished. Additionally, column A, transformer connections, equipment installation, insulation, precise measurement cable connections, and the three-phase high-voltage discharge have been completed.
Source: Montsame.mn |
| | Read More |
|
|
| Energy and Sustainable Development to be Discussed at Mongolia-Singapore Business Forum |
| Business representatives from 20 Singaporean companies will visit Mongolia and participate in a Mongolia-Singapore Business Forum on August 12-13, 2024.
The Mongolia-Singapore Business Forum will hold discussions on the following topics: - Energy and sustainable development
- Real estate
- Transportation and logistics
- Business services
- Consultative services and design management
- Health, medicine, and biotech
- Food manufacturing, food and beverage
- Financial services
- Furniture and interior design
- Construction planning and installation
- Textiles and clothing
- Soil regeneration and consultative services
On 14 August 2024, a business matchmaking event will be organised at the Corporate Convention Center and Hotel. For registration click here. |
|
|
|
|  |
On the occasion of the 111th Anniversary of the Restoration of National Freedom and Independence, on December 29, 2022, President of Mongolia Khurelsukh Ukhnaa issued a Decree on the Restoration of the Ancient Capital of the Great Mongol Empire, Kharkhorum, giving directions to the Government of Mongolia.
Many countries run international open competitions when defining concepts for their newly planned cities to incorporate future development trends, urban planning expertise, and innovative ideas. Taking this international standard as a model, the Government of Mongolia issued Resolution No. 21 in 2024, to announce an International Competition for the New Kharkhorum City Concept on March 18, 2024.
Registration for the International Competition took place from March 18, 2024, to April 15, 2024, and the first round of selection concluded on July 16, 2024. A total of 428 teams from 54 countries registered for the competition, with 76 teams submitting their work. The best works from 36 teams representing 18 countries qualified for the second round.
The Urban Planning Administration of The New Kharkhorum City announced that these works are ready to be presented to the public for feedback and proposal submissions. The best works for the New Kharkhorum City concept are available tothe public on the Facebook page (https://www.facebook.com/Kharkhorumcity) on July 25-31, 2024. The works are presented in various formats, including videos and photos, to collect public feedback.
On July 28-31, 2024, an International Exhibition of Urban Planning displaying the best works will be organized at the MPM Event Hall of Ulaanbaatar City, aiming at gathering proposals from the public.
Source: Montsame.mn |
| | Read More |
|
|
|  |
TMK Energy is one step closer to a pivotal drilling program at its giant Gurvantes XXXV coal seam gas project in Mongolia after selecting an experienced local contractor following a multi-month tendering process. The detailed tendering process attracted several highly-competitive applications, including two Chinese drilling contractors with close ties to potential strategic partners.
The company says its preferred contractor has excellent background knowledge of the existing pilot well project and offers fixed-price drilling to ensure cost certainty for the upcoming three-well program that is expected to kick off next month.
Following a recent trip by TMK to Mongolia, management says its view has been reinforced that there is “real demand” for a source of domestically-produced natural gas in Mongolia. Energy security is key driver for the nation, in addition to cleaner and more affordable energy source for Ulaanbaatar – the coal-powered capital of Mongolia and the world’s most polluted city.
The Gurvantes project covers a giant 8400 square kilometres of Mongolia’s South Gobi basin. It is considered one of the world’s most prospective coal seam gas basins, with TMK’s best-estimate (2C) contingent resource of 1.2 TCF limited to just 60 square kilometres of the patch.
In addition to Mongolia, the company could also tap into adjacent markets such as China as the project expands into full-scale gas development. Gurvantes lies just 300km north of China’s main east-west gas pipeline, creating potential access to what is one of the world’s biggest gas markets.
Source: thewest.com.au |
| | Read More |
|
|
| In the first half of 2024, more than 3 million passengers (double counting) crossed the borders of Mongolia, which increased by 953.7 (45.0%) thousand compared to the same period of the previous year.
In the first half of this year, 1,547.3 thousand passengers entered Mongolia. Of these, 25.8% came through Chinggis Khaan International Airport, the remainings entered through other inland ports.
In the first half of 2024, 328.2 thousand foreign passengers entered Mongolia. Compared to the same period of 2023, foreign passengers increased by 80.8 (32.7%) thousand. Of those foreign passengers, 86.3% stayed for up to 30 days, 0.4% stayed for more than 60 days, 1.2% stayed for up to 90 days, and 12.1% stayed for more than 90 days. |
| | Read More |
|
|
|  |
More than four times the size of Germany, with only about 3.5 million inhabitants, probably the most sparsely populated country in the world, glorified by tourists as the home of the last nomads, one of the most resource-rich countries in the world, with no access to the sea, with borders only with Russia and the People's Republic of China - that is the Republic of Mongolia.
Maintaining good relations with both neighbors is part of the state doctrine of Mongolia and each of its governments. The dependence on them is evident in just a few economic figures: around 30 percent of imports come from Russia (including almost 100 percent of all fuel) and 34 percent from China.
Conversely, 84 percent of exports go to the People's Republic, followed by Switzerland, which imports gold worth one billion Swiss francs annually (just under nine percent of exports). This large share is due to the dominance of Swiss gold refineries with a 70 percent share of world production. Mining products make up 90 percent of exports, just over 50 percent of which is coal, for the export of which to the People's Republic of China a railway line was specially built.
Source: www.jungewelt.de |
| | Read More |
|
|
| CNN met the Mongolian design team whose national Opening and Closing Ceremony Olympic uniforms have captivated people on social media. Watch the full video by clicking read more.
Source: CNN.com |
| | Read More |
|
|
Newsletter sponsorship is available now!
Mail to communications@eurochamber.mnfor inquiry. |
|
Copyright (C) 2024 EuroChamber. All rights reserved. |
|
|
