United Kingdom – VNG Innovation and Wintershall Dea Technology Ventures have acquired shares in the British startup HiiROC.
HiiROC is creating transformational technology for low-cost, zero-emission hydrogen generation from natural gas or bio-natural gas for power generation, industry, and transport including aviation.
VNG Innovation sees a lot of potential at HiiROC. “We are delighted to be involved in another innovative start-up, HiiROC. HiiROC has developed a methane pyrolysis process that is much more efficient and effective than conventional processes. The technology can be a real game changer for the production costs of hydrogen,” said Dr. Matthias Tischner and Andreas Päts, managing directors of VNG Innovation.
Use of hydrogen
The hydrogen obtained can be used as a clean, CO2-free energy carrier, while the carbon (black carbon) deposited in solid form in the production process can be used as a raw material in industry, for example for the production of tires, plastic, rubber or similar products. The process can also be used on a smaller scale and can therefore also be used decentrally. HiiROC enables the new partnership to test its process, which has been developed on a laboratory scale, on a larger scale and to achieve possible scaling effects.