The construction phase at Kokkola Industrial Park (KIP) was launched after receiving all the necessary permits from the authorities. No appeals were received by the end of the appeal period. The orders for the equipment have already been placed in 2023.
Hycamite’s CSF is intended to demonstrate the viability of the new methane-splitting technology. Hycamite’s technology decomposes large volumes of methane into its component elements– hydrogen and carbon—while avoiding the release of greenhouse gases into the atmosphere. The nominal capacity of the CSF will reach 2,000 tons of hydrogen and 6,000 tons of high-quality carbon per year once the project is fully completed.
The decarbonisation capacity of the CSF can be up to 18,000 tons CO2 per year when liquefied natural gas (LNG) is used, and with biomethane, carbon removals can also occur. LNG is shipped from Norway using the Kokkola LNG terminal, and biomethane is provided from Finland.
The new CSF will be built near the Hycamite headquarters and the small test facility. KIP is northern Europe’s largest ecosystem of the inorganic chemical industry, where several companies leading in the chemical and metal processing industries operate.
Clean hydrogen can be used as either an industrial raw material or fuel. The company’s technology requires only 13% of the energy needed to produce hydrogen via electrolysis. Using a methane feedstock (from geologic natural gas, biomethane or synthetic natural gas) allows production to scale up rapidly.
Hycamite’s technology is a cutting-edge carbon capture, utilisation and storage (CCUS) technology. Hycamite captures the carbon in a solid form and provides it to customers as nanocarbon and other industrial-quality products. The carbon byproducts are based on electrically conductive carbon nanoproducts, making them ideal for such applications as battery production, supercapacitors, electronics, additives in polymers and composite materials, and concrete manufacturing.
Furthermore, Hycamite’s catalysts are sustainable.
About Hycamite
Hycamite is a privately owned deep tech company headquartered in Kokkola, Finland. In its latest investment round in July 2023, Hycamite raised 25 million euros from Japanese conglomerate Sojitz and other investors looking to support low-carbon hydrogen and sustainable carbon production. Hycamite breaks down methane molecules using heat and its proprietary zero-emission technology. Its methane-splitting technology is based on longstanding research in applied chemistry from the University of Oulu, Finland.
