Hycamite

Hycamite leverages proprietary methane-splitting technology to decarbonize heavy industries. Its scalable plants produce low-carbon hydrogen and high-quality carbon products, including synthetic graphite for EV batteries.

Company Location

Country:

Finland

City:

Kokkola

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Company Overview

Hycamite is an industrial technology company focused on decarbonizing heavy industries by providing cost-efficient, low-carbon hydrogen and high-quality carbon products. Based in Kokkola, Finland, its mission is to deliver scalable, modular decarbonization plants leveraging proprietary methane-splitting technology.

Battery Technology

Hycamite’s core innovation is thermo-catalytic decomposition (TCD) of methane, an emission-free process that converts methane into hydrogen and solid carbon materials without CO₂ emissions. The process consumes approximately 87% less energy than traditional water electrolysis. It produces ultra-pure synthetic graphite (>99% purity, low defect count), carbon nanotubes (CNTs), and carbon nanofibers (CNFs), supporting next-generation lithium-ion battery performance and enabling localized production near battery manufacturing hubs.

Products

Hycamite produces modular decarbonization plants for heavy industries, low-carbon hydrogen, ultra-pure synthetic graphite for lithium-ion battery anodes, carbon nanotubes (CNTs), and carbon nanofibers (CNFs).

Recent Projects

2025: Selected as a Strategic Project by the European Commission; 2025: Completed an investment round to support growth; 2024: Received ISO certification; 2024: Signed an MoU with MOLEA and MOL PLUS to explore hydrogen applications.

Investors

Hycamite closed its Series A round (2023–2025) raising €44M. The round was led by Sojitz Group, with Holdix Oy, Turret Oy and Stephen Industries Oy also participating. New strategic investors include OMV Petrom and MOL PLUS, and earlier backers are based in Finland, Japan and Hong Kong.

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