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New collaboration with Levidian to support expansion of ground-breaking technology for Santander UK’s office footprint.
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Levidian’s LOOP device strips carbon from methane to create clean hydrogen and high-quality graphene enabling longer lasting, more climate friendly materials to be utilised.
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Collaboration will support just transition to low carbon economy for more UK companies.
Santander UK has today announced a new collaboration with pioneering climate tech business Levidian, to market and expand the reach of their ground-breaking decarbonisation technology.
The collaboration includes opportunities for the deployment of Levidian’s pioneering LOOP technology across Santander UK’s own office footprint as well as the possibility to support UK businesses with their transition to a low carbon economy.
Headquartered in Cambridge, UK and founded in 2012, Levidian has developed LOOP – a rapid decarbonisation device which strips carbon from methane to create a green fuel in clean hydrogen and high-quality graphene – a new material which can be used across a wide spectrum of applications, such as the increasing durability of concrete, tyres and batteries through to production of anti-corrosion paint.
John Hartley, Chief Executive Officer at Levidian said: “This is an exciting opportunity to use the Levidian LOOP to deliver meaningful decarbonisation both within Santander UK and through its sponsorships and partnerships. Santander has set ambitious goals and we look forward to collaborating with a partner committed to decarbonisation.”
Fermin Martinez de Hurtado, Head of Sustainability & Responsible Banking at Santander UK said: “The transition to net zero requires strong collaboration between different stakeholders. We recognise the key role that Santander and companies like Levidian will play as part of this journey, scaling up solutions that cut down emissions and help tackle climate change. We are thrilled to be working with them, unlocking innovation to reduce and minimise the impact on our planet.”
Santander UK’s sustainability strategy is focused on key initiatives where the greatest impact can be achieved, with ambitious targets set at both UK and Group levels. Fighting climate change and supporting the green economy drives the environmental element of the bank’s strategy, including managing climate risks and supporting customers to transition to a low carbon economy while reducing emissions in their own operations.
The bank has also been carbon neutral in its own operations since 2020 and is committed to achieving net zero carbon emissions in all its lending, advisory and investment activities by 2050. Furthermore, its car financing operations in Europe (Santander Consumer Finance), the USA (Santander Consumer USA) and other markets are supporting the development of sustainable mobility solutions.
About Santander UK
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2022, the bank had around 18,000 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
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