Hydrogen producer Hycamite secures up to €10 million capital loan
The Finnish Climate Fund has decided on a capital loan of up to 10 million euros to Hycamite TCD Technologies for building of the new Customer Sample Facility (CSF).
The facility is intended to demonstrate the viability of the new methane pyrolysis technology for clean hydrogen and industrial-quality solid carbon production. The proprietary zero-emission technology is based on the thermo-catalytic decomposition (TCD) of methane molecules.
"The Climate Fund’s contribution to the funding of the facility accelerates the development of this technology. We are already well advanced in the preparation of the CSF, and our customers will soon expect higher volumes of our zero-emission hydrogen and industrial grade solid carbon," says Laura Rahikka, CEO of Hycamite.
Hycamite’s technology enables the production of low-carbon or even carbon-negative hydrogen. The novel methane pyrolysis technology requires only 13% of the energy needed to produce hydrogen using electrolysis.
Read more: https://hycamite.com/news/hydrogen-producer-hycamite-secures-up-to-10-million-capital-loan
