- Second international base to be established in the US
- Firm targets $2bn+ revenues alongside a new delivery centre to
create 250 jobs
- LOOP technology to decarbonise hard to abate sectors,
capturing the carbon from methane and producing millions of tonnes
of clean hydrogen and net zero graphene
- On-site production to mitigate supply chain challenges
CAMBRIDGE, England, May 14, 2024
/PRNewswire/ -- Leading British climate tech firm Levidian has
unveiled ambitious plans to establish a new base in the US to serve
its growing customer portfolio in North
America. The base will be the company's second outside of
the UK, having opened a new office in Abu
Dhabi earlier this month.
Powered by its patented LOOP technology, Levidian provides a
comprehensive decarbonisation service for customers, capturing the
carbon from methane gas before it is burned and turning it into
clean hydrogen and high-quality graphene, a nanomaterial used as an
additive to drive process efficiencies and enhance the performance
of materials as wide-ranging as concrete, batteries and
plastics.
The solution can be deployed anywhere with a methane source and
is designed to function as a self-contained modular system that can
quickly and easily be retrofitted to existing infrastructure,
providing businesses with their own on-site supply of hydrogen and
solid carbon.
The company is in discussion with a variety of potential
customers in the US and Canada and
is already working with Canadian firm Strategic Resources to
deploy LOOP as part of the world's largest green iron plant in
Québec. Other projects in the pipeline include gas distribution,
heavy industrial users and battery manufacturers.
Levidian CEO John Hartley, said:
"We're on a mission to help the hardest-to-abate sectors on the
planet to decarbonise and believe our technology could play a
critical role in tackling emissions from industry, which
contributes almost one-third of overall greenhouse gas emissions in
the US alone.
"By capturing the carbon from methane and turning this potent
greenhouse gas into a valuable source of hydrogen and high-quality
graphene, we can fundamentally change the economics of
decarbonisation and unlock mechanisms for further carbon reduction.
This will pave the way to a new relationship between planet and
profit as we make the transition to a lower carbon future, while
unlocking new opportunities for growth and job creation."
The company is targeting revenues upwards of $2bn by 2030 and intends to establish a Regional
Delivery Centre in the US, which is expected to create around 250
jobs in research and development and manufacturing. Two new team
members have also been appointed to lead on business development
within the region.
Notes to editors:
- Levidian is a British climate tech business that is on a
mission to decarbonise the world's most carbon-intensive
industries.
- Underpinned by our patented LOOP technology, we capture the
carbon from methane gas before it's burned and crack it into clean
hydrogen and net zero graphene - a high-quality super-material that
can be used to significantly enhance the intrinsic characteristics
of products in major global industries as far ranging as steel,
batteries and petrochemicals.
- The solution can be deployed anywhere with a methane source and
is designed to function as a self-contained modular system that can
quickly and easily be retrofitted to existing
infrastructure.
- We are already working with some of the world's largest
companies across a variety of industries and have sold LOOP
and graphene to 50+ customers globally with 10 LOOP units
either in the field or in construction today.
Find out more: www.levidian.com
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SOURCE Levidian