Hycamite joins 17 million euro steel decarbonization project for emission free hydrogen and carbon products
cyprusshippingnews.comHycamite has joined the FutSteel research project, a 17 million euro initiative led by the University of Oulu and SSAB to decarbonize steel production. The project focuses on integrating electric arc furnace technology with hydrogen and carbon materials produced without emissions. Hycamite's methane splitting technology produces hydrogen and carbon products using roughly one-eighth the energy of electrolysis, with much of that energy sourced from excess heat from the steel plant itself. The steel industry accounts for about 7% of global greenhouse gas emissions. This project aims to replace coal-based blast furnaces with electric arc furnaces powered by fossil-free energy, while still using carbon for slag foaming and alloying. The three year project starting June 2026 includes partners like VTT, Coolbrook, Ovako, and Carbo Culture. Hycamite's approach could lower production costs and speed up hydrogen delivery for steelmakers.
