The new collaboration is hoped to offer new opportunities for the deployment of Lividan’s LOOP technology across Santander UK’s own office footprint, as well as the possibility to support UK businesses in their transition to a low-carbon economy.

Levidian’s LOOP technology uses a low-temperature and low-pressure process to crack methane into hydrogen and carbon, without the need for catalysts and additives, allowing hydrogen and graphene to be used in other processes.

Last week, on November 15, Levidian announced its first UK deployment, which as part of a new collaboration, would see its LOOP10 system installed at Eco Group’s headquarters in Annan, Scotland.

Read more: Levidian to deploy its methane-to-hydrogen and graphene technology in Scotland

Commenting on the new partnership, John Hartley CEO of Levidian, said, “This is an exciting opportunity to use the Levidian LOOP to deliver meaningful decarbonisation both within Santander UK and through its sponsorships and partnerships. Santander has set ambitious goals and we look forward to collaborating with a partner committed to decarbonisation.”

The bank has said it has been carbon neutral in its own operations since 2020 and has the goal of achieving Net Zero carbon emissions in its lending, advisory, and investment activities by 2050.

“The transition to Net Zero requires strong collaboration between different stakeholders,” said Fermin Martinez de Hurtado, Head of Sustainability & Responsible Banking at Santander UK. “We recognise the key role that Santander and companies like Levidian will play as part of this journey, scaling up solutions that cut down emissions and help tackle climate change. We are thrilled to be working with them, unlocking innovation to reduce and minimise the impact on our planet.”