In Italy, Tulum Energy said it has successfully closed a $27 million venture financing round. This investment, led by CDP Venture Capital (through its Green Transition Fund) and TDK Ventures and a global consortium of investors including Tulum’s founder TechEnergy Ventures, MITO Technology, through the MITO Tech Ventures fund, and Doral Energy Tech Ventures, underscores strong confidence in Tulum Energy’s innovative approach to clean hydrogen production, the firm said. Methane pyrolysis is a chemical process that consists in producing clean (turquoise) hydrogen and solid carbon using natural gas or biogas as a feedstock, without CO2 emissions, the company explained. Proceeds from this seed funding round will be strategically directed toward the construction of the company’s pilot plant in Pesquería, Mexico, located within the industrial complex of Ternium, a leading steel producer in the Americas, the company added.
More on the story.
