Overview

• CDP Venture Capital’s Green Transition Fund and TDK Ventures led the $27 million financing round, joined by TechEnergy Ventures, MITO Tech Ventures and Doral Energy-Tech Ventures.
• Construction has commenced on a methane pyrolysis plant at Ternium’s Pesquería complex to produce turquoise hydrogen and solid carbon without CO₂ emissions.
• Ternium will integrate the hydrogen into direct reduced iron production and explore industrial applications for the solid carbon output.
• Tulum Energy will establish a Milan-based R&D subsidiary to centralize engineering, research and development ahead of its first commercial plant.
• Incubated by TechEnergy Ventures, the pilot reflects Techint Group’s broader strategy to decarbonize heavy industry through innovative clean hydrogen solutions.