The Financial Post reports in its Tuesday edition that Nova Scotia is staking a claim in the white hydrogen race as a surge of companies floods Cumberland county to explore whether the naturally occurring resource can be turned into a viable industry. The Post's Andrew Rankin writes that over the past year, thousands of new mineral claims have been registered across the province as companies position themselves to make and exploit potential discoveries. One is Koloma Inc., a Denver-based natural hydrogen company backed by investors including Jeff Bezos and Bill Gates through their respective venture funds. The global white hydrogen market is projected to jump to $56.8-million (U.S.) in 2030 from $39.2-million (U.S.) in 2024. Interest in natural hydrogen is growing across Canada. Last month, Max Power Mining completed the country's first well specifically targeting natural hydrogen near Central Butte, Sask. In Ontario, the Timiskaming district is being explored for its hydrogen potential, while parts of the Western Canadian sedimentary basin are promising for natural hydrogen generation and storage. Experts say that Nova Scotia's white hydrogen activity is at the early research stage and will probably not pay off soon.
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