The construction phase at Kokkola Industrial Park (KIP) has begun after receiving all necessary permits, with no appeals received. Hycamite's CSF project aims to demonstrate the viability of methane-splitting technology, which decomposes methane into hydrogen and carbon without releasing greenhouse gases. The CSF will have a capacity of 2,000 tons of hydrogen and 6,000 tons of carbon per year. The CSF can also remove up to 18,000 tons of CO2 per year when using liquefied natural gas (LNG) or biomethane. Hycamite's technology is a cutting-edge carbon capture, utilization, and storage (CCUS) technology that produces nanocarbon and other industrial-quality products.
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.