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Koloma Secures Exclusive Rights for Natural Hydrogen Exploration in Philippine Province

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Colorado-based Koloma on Thursday said it has secured exclusive rights from the Philippine government for the exploration of natural hydrogen in western Zambales province.

The rights were awarded under service contract 92, the company said in a statement.

"The Philippines sits on some of the best-documented natural hydrogen data in the world, making it one of the most promising settings for exploration. A discovery of commercial-scale natural hydrogen would give the Philippines a domestic, primary energy source and position it as a regional energy hub," the statement said.

Koloma said it has commenced exploration activities related to the two service contracts it was awarded in October last year for hydrogen exploration in Central Luzon.

The three contracts cumulatively cover over 1,600 square miles or 4,100 square kilometers, the statement added.

Besides Philippines, the company has ongoing exploration partnerships and activity across four continents, the statement said.

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