British climate tech firm Levidian plans to establish a new base in the US to serve its growing customer portfolio in North America, according to a news release.
The base will be the company’s second outside of the UK, having opened a new office in Abu Dhabi earlier this month. The release does not state where the base will be.
Levidian is targeting revenues upwards of $2bn by 2030 and intends to establish a Regional Delivery Centre in the US. Two new team members have also been appointed to lead on business development within the region.
With its LOOP technology, Levidian provides a decarbonization service capturing the carbon from methane gas before it’s burned and turning it into clean hydrogen and graphene.
“The solution can be deployed anywhere with a methane source and is designed to function as a self-contained modular system that can be retrofitted to existing infrastructure, providing businesses with their own on-site supply of hydrogen and solid carbon,” the release states. “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.
