New investors join Hycamite
MOL Plus has announced an investment in Hycamite TCD Technologies, a Finnish company that specialises in low-carbon hydrogen and high-value solid carbon products via methane-splitting technology.
This EUR 44 million series A investment round, led by the Sojitz Group and including new investors OMV Petrom and MOL Plus, supports the commissioning of Hycamite’s industrial-scale demonstration unit in Kokkola.
Hycamite’s innovative thermo-catalytic decomposition (TCD) technology requires only 13% of the energy used in hydrogen electrolysis, producing zero-emission hydrogen and industrial-quality carbon for applications like Li-ion batteries.
The partnership aligns with MOL Plus’s commitment to sustainable energy solutions in maritime and industrial sectors. (pb)