Filtrabit Oy

Filtrabit and Hycamite have signed a Memorandum of Understanding regarding the intent to start a joint project for utilizing Filtrabit’s flow-dynamic dust separation technology in Hycamite’s process for splitting methane into hydrogen and solid carbon.

A Finnish industrial innovation turns hazardous dust from heavy industry into recoverable raw materials while helping plants meet increasingly strict emission limits. Developed to solve a real-world problem in steel production, Filtrabit’s patented flow-based dust extraction technology is now drawing growing international interest from major industrial players seeking both environmental compliance and operational efficiency. Filtrabit has secured a €2 million funding commitment from Ajanta Innovations for its upcoming financing round and has entered into two significant pre-agreements with large international industrial companies. The developments support Filtrabit’s expansion beyond Finland, with an initial focus on the Nordics, Central Europe and India.

Filtrabit’s modular dust extraction unit delivered to Outokumpu’s stainless steel plant in Tornio, Finland is now in operation, handling multiple dust types. The unit, fitted with Filtrabit’s flow-dynamic dust separation technology, has been successfully put into operation at the melting plant of the Tornio facility. The unit is located adjacent to a material stock house, where it attaches to the hooding of the feeding conveyor system at a hopper. Numerous valuable alloying elements are handled at this station as they are fed into the process at precise times as part of making high-quality stainless steel and other specialty steels.

Filtrabit has initiated a new development project, with an estimated investment of 1.2 MEUR. Business Finland has awarded a grant of EUR 600,000 to support Filtrabit’s product development.

The new funding will enable the company to continue the implementation of its growth strategy in selected market regions – namely the Nordics, Central Europe and India. Together with previously announced lease financing facilities of 4 MEUR from the Finnish Climate Fund and 5 MEUR from Norion Bank, Filtrabit can more readily meet the increasing demand for new lease units from both new and existing customers.