Hycamite is getting ready for the next growth steps – a successful investment round completed with long-term equity commitments of high-quality investors

Hycamite announced today that it has secured a total of €44 million in a two-step series A investment from a group of high-quality strategic and financial investors. The second part of the series was closed to initiate the operations of the company’s industrial-scale demonstration unit. 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.

Hydrogen producer Hycamite introduces low-carbon footprint graphite for EV batteries

Hycamite, a leader in emissions-free methane-splitting technology, announces the launch of graphite production with a very low carbon footprint. Hycamite’s novel methane-splitting technology delivers low-carbon hydrogen and high-quality carbon products on an industrial scale. Thanks to advances in proprietary catalysts and process technology, Hycamite can now also offer graphite with a very low carbon footprint compared to conventionally produced synthetic graphite.