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.
Levidian continues global expansion with entry into North America
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
