UP Catalyst secures €18m in EU funding to produce graphite from captured emissions
8 apr. 2025
15:50
Estonian impact firm UP Catalyst has secured €18m from the European Investment Bank to scale up its technology that transforms captured CO2 into graphite, and reduce Europe's dependence on China.
"It’s like having all your eggs in one basket," UP Catalyst CTO Sebastian Pohlmann tells Impact Loop.
"It’s like having all your eggs in one basket," UP Catalyst CTO Sebastian Pohlmann tells Impact Loop.
The world’s appetite for graphite keeps growing, as it's a critical component for making lithium-ion batteries. Most electric car batteries today contain at least 50 kilograms of the material.
And since most graphite is imported from China, that contributes to a larger carbon footprint even for technologies meant to tackle the climate crisis.