Hydrogen producer Hycamite TCD Technologies has announced that it has secured new investors from Hong Kong, Japan and Finland. In this funding round, shares of the company were acquired by new investors in addition to existing shareholders as well as company staff. The most recent funding round has brought the company an additional EUR 3 million in investments. Hycamite uses a thermo-catalytic process as a hydrogen producer. It produces H2 in an emission-free way, sometimes known as red H2. Hycamite produces emission-free hydrogen and industrial-grade carbon from methane at KIP in Finland. The company plans to build an industrial pilot plant on the same site this year.The hydrogen producer has a small test facility, which it opened with catalyst and process development. The test facility and catalyst and process development were opened in the Kokkola Industrial Park in 2021. The firm reduces the emission of greenhouse gases through the use of catalysts and heat for methane molecule breakdown. The outcome is natural gas and biogas which is then processed further into H2 and solid clean carbon. The latter substance is usable as a material for producing electric car batteries.The technology Hycamite is using is based on established research in applied chemistry conducted by University of Oulu, Finland researchers. Zero-emission H2 demand has been rising faster than had been previously expected and H2 production companies are moving fast to secure their place in the market.