Kokkola, Finland-based Hycamite — a firm that produces green hydrogen and solid carbon by using methane-splitting technology — announced it has secured a total of €44 million in a two-step series A investment from a group of strategic and financial investors.
“The second part of the series was closed to initiate the operations of the company’s industrial-scale demonstration unit,” said Hycamite.
The investment round was led by Sojitz Group, with existing investors Holdix Oy, Turret Oy, and Stephen Industries Oy also participating. New investors OMV Petrom and MOL PLUS joined the investment.