Global law firm Hogan Lovells has advised its long standing client, Sojitz Corporation (Sojitz), on its additional investment in Hycamite TCD Technologies Oy (Hycamite), a startup that develops next-generation proprietary catalytic technology for use in the production of turquoise hydrogen.
As a result of the additional capital increase, which follows Sojitz’s initial investment in Hycamite in July 2023, Sojitz has now become the largest shareholder in the Finland-based startup. The additional investment demonstrates Sojitz’s ongoing commitment to further expand its partnership with Hycamite to develop and promote commercial-scale hydrogen projects both in Japan and throughout the world.
The transaction was led by Tokyo Corporate and Finance partner Jacky Scanlan Dyas and counsel Viet Nguyen.
Jacky Scanlan-Dyas commented, “We are proud of our long-term relationship with Sojitz and are delighted to continue supporting the Sojitz team in its ongoing commitment to sustainable change across multiple industries worldwide.”
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