Magnusson advised Hycamite on a financing round of 44 million euros to support production of low-carbon hydrogen and solid carbon

Magnusson advised Hycamite TCD Technologies (“Hycamite”) on their completed two-step series A financing round raising 44 million euros from strategic and financial investors.

Hycamite has constructed Europe’s largest methane-splitting plant in Kokkola, Finland. Their zero-emission technology produces hydrogen and industrial-quality solid carbon products from methane. Hycamite technology uses only 13 % of the energy required to produce hydrogen through electrolysis.  

“This investment will enable us to reach an important milestone for industrial scaling,” said Ms. Laura Rahikka, CEO and Co-Founder of Hycamite. 

Magnusson’s core team comprised of Partner Heikki Wide, Senior Associate Emilia Alakurtti, Specialist Counsel Maher Khadour and Associates Elisa Myllylä and Sara Mäkinen.

Read more about Hycamite TCD Technologies at https://hycamite.com/ 

Picture: Hycamite TCD Technologies