Up the catalystA Talin -based company has earned $ 18 million from the European Investment Bank (EIB) to convert the CO2 emissions to locally produced critical raw materials.
This financing is important to scale the molten salt electrical analysis process by enables large amounts of CO2 to produce high-performance materials for batteries, defense, paints, coating, polymers and concrete. The up catalyst process requires less energy than the traditional fossil-based options.
“EIB financing is the main milestone for UP catalyst because it directly supports the company’s strategic mission to deal with graphite deficit – a critical raw material for EU, the United States, Korea and Japan“The up -catalyative CEO is the chief executive officer Right strawberryThe “Working with the EIB does not only legitimize our innovative technology and local production capacity, but also sign the market that the UP catalyst is the highest in strengthening the elasticity and production of the EU industry while converting to the chain.“
Established in 2019, the UP catalyst CO2 converts the emissions to expensive, high-quality and energy-sacred graphite and carbon nanotubs for batteries and converts a range of applications including paints and coating, polymer and concrete.
In 2024, the company opens a new manufacturing facility for their own internal product tests and validity and carbon materials in Estonia. According to the agency, they have achieved the minimum carbon footprint for carbon nanotubs and a minimum of the battery-grade graphite, as it has been verified by its Craddle-to-Gate Life Bicycle Evaluation (LCA).
The aim of the UP catalyst was to convert a million tonnes of CO2 to carbon-neutral raw materials by 20. In March 2021, the company was selected as part of a strategic project by the European Commission under the Critic Raw Material Act (CRMA).
According to the statistics given to EU-Startups, the Global Graphite supply is expected to reach about 1.5 metric tons by 20. About 5% of Europe’s deficit is that the UP catalyst will provide up to 50% of the graphite demand system in the region through its planned scale-up.
“One of the main pillars for us is to finance innovative net-zero technology that can help reduce adverse effects on our climate and environment while strengthening Europe’s competition,“EIB Vice-President says Thomas östrosThe “The UP catalyst is carbon capture and use solutions that pioneer both innovative and effectively embodies this view. We are interested in supporting them in scaling and sustainable technologies that will turn out the future of the green transformation of EuropeThe “
The EIB Fund, which takes the form of the initiative, will be used to advance the European Union goals to fight climate change, reduce import dependence and strengthen the advanced manufacturing sector.
The UP catalist successfully made its technology successfully scales from the laboratory to the commercial scale, in 2025, the use of products in large -scale battery cells has been legalized using Jane 3 ALFA.
The company recently confirmed that its graphite meets the quality of fossil-based options, highlighting its potential as local and sustainable replacement in energy saving and defense industries.
With the help of EIB, the company has planned to extend the production of 270 tonnes of carbon nanoteube and 1,350 tonnes of green graphite every year-a scale-up that will require about 6,000 tonnes of CO2 annually.
EIB support is supported by the Investu initiative. The operation focuses on sustainable critical raw materials, part of the EIB Investment Guarantee Agreement. These materials are prioritized to ensure protected supply for EU industries.
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