Introducing Scaleup Launchpad program's second Estonian company - UP Catalyst
Photo: UP Catalyst
What is the core idea behind your company or product?
UP Catalyst produces carbon materials (battery-grade graphite, carbon black, and carbon nanotubes) from CO₂ emissions, substituting fossil-based carbon materials. Our technology allows to avoid millions of tons of CO₂ emissions and secure and local sustainable graphite production in Europe.
How well do you know the Swedish and Finnish markets in your industry?
Finland, being far away from CO₂ geological storage locations, needs nevertheless to decrease the CO₂ emissions. CO₂ utilisation is a very efficient way to do that. In addition, Sweden and Finland have EV battery cell manufacturers (Northvolt, Valmet Automotive) who could utilise sustainable graphite and get away from fossil-based Chinese graphite imports.
Photo: UP Catalyst
What are your company’s aspirations from this venture, and does it foresee a market debut in Finland or Sweden?
Sweden and Finland are very attractive markets for UP Catalyst, due to high share of green electricity and cheap electricity prices. Also, both countries are advanced in terms of capturing biogenic and fossil CO₂ emissions, which means enough of the CO₂feedstock for UP Catalyst.
Want to know more about UP Catalyst?
Website: www.upcatalyst.com
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