Secured with the Finnish Climate Fund, the loan is planned to finance the building of a new customer sample facility (CSF) which is intended to demonstrate the viability of its proprietary technology based on the thermo-catalytic decomposition (TCS) of methane molecules.

The technology enables the production of low-carbon or even carbon-negative hydrogen, according to the Finnish company. It says the methane pyrolysis technology requires only 13% of the energy needed to produce hydrogen using electrolysis.

H2 View understands the CSF is set to be built in the Kokkola Industrial Park (KIP), an ecosystem of inorganic chemical industries.

“The Climate Fund’s contribution to the funding of the facility accelerates the development of this technology,” said Laura Rahikka, CEO of Hycamite. “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.”

In 2021, Hycamite said it had launched a new test facility in Kokkola to test hydrogen ahead of large-scale production.

Read more: Hycamite preparing for large-scale hydrogen production with new Finnish test facility

Paula Laine, CEO of the Finnish Climate Fund, commented, “Hycamite’s solution diversifies the hydrogen project offering and replaces grey hydrogen in industrial applications. I see an interesting role in the hydrogen economy for it. The carbon from the feed gas used in the process is recovered in solid form and can be used for a variety of applications.”