Exploring Geologic Hydrogen Potential in Newfoundland Ophiolites: A Strategic Partnership
Key Ideas
- The nickel mining industry is projected to reach US$83.813 Billion by 2030, with a compound annual growth rate of 6.6% driven by end-use industries like construction and machinery.
- Stainless steel industry growth is boosting the nickel market, with over two-thirds of the world's nickel used in stainless steel production.
- First Atlantic Nickel Corp. partners with Colorado School of Mines to explore geologic hydrogen potential in Newfoundland ophiolites, focusing on awaruite-bearing serpentinized peridotites.
- Geological hydrogen, produced during serpentinization, is a key focus of the research partnership, leveraging data on awaruite nickel deposits and ultramafic rock formations.
A report from Grand View Research projects the global nickel mining industry to reach US$83.813 Billion by 2030, with a 6.6% compound annual growth rate. The stainless steel industry's development, driven by sectors like construction and machinery, is fueling this growth as nickel is a key material for stainless steel production. Major players in the nickel mining industry are acquiring competitors to stay competitive. Nickel batteries are expected to have a fast CAGR of 7.2% with their cost-effective energy solutions. Asia Pacific currently leads in nickel mining revenue, followed by Europe and North America. The EU's focus on nickel as a critical mineral is anticipated to boost the mining activity in the region. Against this backdrop, First Atlantic Nickel Corp. and Colorado School of Mines have launched a research partnership to explore geologic hydrogen potential in Newfoundland's ophiolites. This collaboration aims to investigate how awaruite-bearing serpentinized peridotites can serve as indicators of geologic hydrogen. The research will delve into the hydrogen produced during serpentinization, leveraging First Atlantic's geological assets and expertise. Ophiolites, known for their ultramafic rocks like peridotite, are renowned sources of geologic hydrogen, crucial for energy transition. The natural process of serpentinization in peridotites generates molecular hydrogen gas, making these formations valuable targets for energy exploration. This partnership signifies a strategic move towards understanding and harnessing geologic hydrogen resources for sustainable energy solutions.
Topics
Production
Battery Technology
Geological Exploration
Research Partnership
Nickel Mining
Stainless Steel Industry
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