CMA CGM invests in Finnish clean tech firm

CMA CGM has become the latest shipping firm to invest in Finland’s Hycamite, a clean tech company.

Hycamite will begin operations shortly at its recently completed industrial-scale methane-splitting plant in Kokkola, Finland, the largest in Europe. This breakthrough technology produces low-carbon hydrogen and high-value solid carbon products from methane. CMA CGM has among the most methane-emitting LNG-powered vessels in world shipping and has been looking at ways to slash methane emissions.

“As a global player in container shipping with a diversified portfolio, CMA CGM’s investment will accelerate Hycamite’s efforts to decarbonise maritime transport and support the industrial scaling of our technology more broadly,” said Laura Rahikka, CEO of Hycamite.

Hycamite breaks down methane molecules into clean hydrogen and solid, high-value carbon products using heat and its proprietary low-emission technology.

Other shipping players to have invested in Hycamite include Japan’s Mitsui OSK Lines.

Source: Splash 247

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