Hycamite gains strategic investment from CMA CGM

Shipping and logistics giant CMA CGM has joined Finnish clean tech company Hycamite as a new investor, strengthening its push toward decarbonizing maritime transport.

The investment comes through CMA CGM’s energy fund, PULSE, and will help scale up Hycamite’s methane-splitting technology, which produces low-carbon hydrogen and solid carbon products.

Hycamite plans to begin operations later this year at its industrial-scale plant in Kokkola, now the largest of its kind in Europe. The facility breaks down methane using proprietary technology developed in Finland.

The company’s carbon and hydrogen products can be tailored for industrial use, offering a cleaner alternative for sectors that are hard to decarbonize — including shipping.

“This investment will speed up our work in maritime transport and beyond,” said Laura Rahikka, Hycamite’s CEO. “CMA CGM brings global reach and strong backing.”

Hycamite has been developing marine applications since 2022, partly with support from Business Finland. Earlier this year, the European Commission selected Hycamite’s graphite production as a strategic project under the Critical Raw Materials Act.

With CMA CGM on board, Hycamite says it’s now in a stronger position to bring its clean hydrogen and carbon solutions to markets worldwide.

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