Chemical Industry News, Data & Insights

Hycamite Hosts Finnish Officials, Highlights Critical Minerals Role

Key highlights
  • Hycamite's plant produces 2 kt hydrogen annually and high-value solid carbon.
  • Hycamite is designated a strategic project under the EU's Critical Raw Minerals Act.
  • The CSF will enter a pre-production phase for graphite by year-end.
  • Hycamite's technology converts LNG into low-carbon hydrogen and solid carbon without CO₂ emissions.

Visit Overview

A delegation from the Finnish Ministry of Foreign Affairs visited Hycamite's Customer Sample Facility to explore its decarbonization technology and battery-grade graphite production capabilities. CEO Laura Rahikka and Chairman Matti Malkamäki hosted the visit.

Technology and Production

Hycamite's methane-splitting technology plays a significant role in electrification by converting carbon into battery-grade graphite. The industrial-scale demonstration plant produces 2 kt of hydrogen annually, alongside high-value solid carbon products.

Strategic Importance

Hycamite is recognized as a strategic project under the European Commission's Critical Raw Minerals Act, one of only 47 companies to receive this designation. This supports the EU's goals of enhancing supply-chain resilience and reducing dependency on third-country imports.

Environmental Impact

The company's innovative process produces high-quality graphite without conventional mining, enhancing the security of critical carbon product supply. The technology uses waste heat, removes carbon without CO₂ emissions, and produces solid carbon for further refinement.

Future Plans

Hycamite's CSF will enter a pre-production phase for graphite by the end of the year, with plans to build additional plants in other locations. The company is committed to the low-carbon transition, producing battery-grade graphite for various applications, including defense and maritime industries.