Hycamite, a company focused on methane-splitting technology to produce low-carbon hydrogen and high-value solid carbon products, has successfully secured a total of €44 million in a two-step series A investment. The investment, led by Sojitz Group, aims to support the operations of the company's industrial-scale demonstration unit located in Kokkola. This investment round also saw participation from existing investors Holdix Oy, Turret Oy, and Stephen Industries Oy, along with new investors OMV Petrom and MOL PLUS. Hycamite's technology has garnered significant global interest, with the company currently working on demonstrating both industrial scale and commercial readiness. The methane-splitting process, based on thermo-catalytic decomposition (TCD), is touted for its efficiency, requiring only 13% of the energy used in traditional hydrogen production methods like electrolysis. This approach not only produces low-carbon hydrogen but also industrial-quality solid carbon, such as graphite, for various applications including Li-ion batteries and composite materials. The involvement of strategic and financial investors reflects a positive sentiment towards Hycamite's innovative solution for clean energy and carbon products, paving the way for a more sustainable energy future.