Hycamite TCD Technologies, a leader in emission-free methane pyrolysis technology, announced today that it has received an investment from Sojitz Group and Stephen Industries. Sojitz Group is a Japanese conglomerate with approximately 400 subsidiaries and affiliates in Japan and worldwide. Stephen Industries is a family-owned Finnish company. The Finnish Climate Fund and existing and first external investors HAI Kapital, Holdix, and Turret have also decided to invest in Hycamite. New and existing investors are investing 25 million euros towards Hycamite’s innovative technology for decarbonizing industry.

“The investment makes it possible to scale our technology to launch the production on the commercial scale. We will serve our clients in North America, Japan and Europe,” said Ms. Laura Rahikka, CEO and Founder of Hycamite.

Hycamite decarbonizes industry through its low-carbon hydrogen and provision of sustainable carbon products for demanding industrial applications. Hycamite technology decomposes large volumes of methane into its component elements: hydrogen and carbon. The TCD technology developed by Hycamite does not release greenhouse gas emissions into the atmosphere. Furthermore, its catalysts are sustainable. The company’s technology requires only 13% of the energy needed to produce hydrogen by electrolysis.