Betolar and Hycamite have signed a commercial agreement to test carbon nanofibers as concrete additive

Betolar Plc

Press Release

28 October 2024 at 11:30 AM EET

Betolar and Hycamite have signed a commercial agreement to test carbon nanofibers as concrete additive

Betolar Plc and Hycamite TCD Technologies Oy have signed a commercial agreement to assess the applicability of carbon nanofibers for enhancing the strength properties of concrete and reducing its carbon footprint. The usability of Hycamite's low-carbon carbon nanofibers as an additive in concrete products and mining applications will be explored in the research project.

The project will conduct suitability testing and develop the quality and usability of the carbon product. The aim is to tailor Hycamite's carbon product for Betolar, which could then be commercialized as part of Betolar's high-volume solutions for the mining and metal industries as well as construction.

Hycamite decarbonizes industry through its low-carbon hydrogen and provision of sustainable carbon products for demanding industrial applications. Hycamite technology decomposes large volumes of methane into its component elements: hydrogen and carbon. The TCD technology developed by Hycamite does not release direct greenhouse gas emissions into the atmosphere. When Hycamite's carbon products are manufactured entirely or partly using biomethane, the carbon originally in the atmosphere can be permanently sequestered in the concrete by using Betolar’s solution. This process creates a carbon sink that reduces atmospheric carbon dioxide levels.

“These completely new high-quality industrial materials enable the production of even higher-quality low-carbon concrete. We believe that in the future we will be able to utilize Hycamite's carbon product in applications such as shotcrete for mines, hollow core slab production, and other concrete products,” says Tuija Kalpala, CEO of Betolar.

“Collaboration with Betolar is an exciting opportunity for Hycamite. Both companies share the same values aiming to reduce the carbon footprint in the future on global markets. The carbon product we are developing for Betolar produces no direct emissions, and the process's energy consumption is low. Through our collaboration, we can demonstrate that our carbon products can help reduce the carbon footprint of construction while improving quality,” says Niina Grönqvist, Vice President, Carbon Products and one of the founders of Hycamite.

Betolar Plc

For more information:

Tuija Kalpala, CEO, Betolar Plc, tuija.kalpala@betolar.com, phone: +358 50 567 6608

Niina Grönqvist, Vice President, Carbon Products, Hycamite TCD Technologies Ltd., niina.gronqvist@hycamite.com, phone: +358 50 305 0407

About Betolar

Betolar Plc is a pioneering Finnish materials technology company driving the green transition in mining and construction. Betolar’s mission is to help reduce CO₂ emissions and the use of virgin natural resources.

Betolar develops low-carbon and waste-free solutions for the mining and metals industries, and its Geoprime® solution produces i.a. the world's lowest-emission hollow-core slabs. Betolar’s AI-powered Data Platform turns industrial side streams into value, accelerates solution development and builds global markets for side streams.

Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. For more information, visit www.betolar.com

About Hycamite

Hycamite is a privately owned Finnish deep tech growth company headquartered in Kokkola.

Hycamite decomposes methane molecules using heat and its proprietary emission-free technology. All Hycamite products have an exceptionally low carbon footprint. Hycamite can tailor its valuable carbon products to customer needs and produce them on an industrial scale. Its methane splitting technology is based on long-term applied chemistry research at the University of Oulu, Finland. Hycamite's carbon products have a very low carbon footprint, and the company can tailor its carbon products to customer needs and produce them on a very large industrial scale. For more information, visit www.hycamite.com.