Elemental Advanced Materials Secures $20M Funding for Low-Carbon Platform Expansion
Key Ideas
- Elemental Advanced Materials secures $20 million funding led by Taranis to accelerate deployment of their low-carbon platform converting waste into carbon nanomaterials, clean hydrogen, and critical minerals.
- The funding will enable Elemental to scale its patented process converting hydrocarbon-rich waste into high-value products while supporting circularity in supply chains by recovering critical minerals from e-waste.
- Elemental's carbon nanomaterials enhance the performance of various products like batteries, capacitors, and electronics, reducing embedded emissions and contributing to sustainable industrial innovation.
- Taranis, through its investment in Elemental, aims to support technologies that reduce carbon intensity, waste, and create value from discarded resources, fostering a circular economy and sustainable low-carbon future.
Elemental Advanced Materials, based in Houston, has successfully closed a $20 million funding round led by Taranis, a climate technology investment firm. This funding will facilitate the scaling of Elemental's low-carbon platform that converts waste, including plastics and gas by-products, into carbon nanomaterials, clean hydrogen, and critical minerals. The process is CO₂e-neutral and enables the recovery of valuable resources from end-of-life electronics, contributing to circularity in supply chains. Elemental's carbon nanomaterials, such as graphene and carbon nano-onions, enhance the performance of various products while reducing embedded emissions.
The investment from Taranis aims to support technologies that reduce industrial emissions and create value from discarded resources, aligning with the mission of fostering a sustainable low-carbon future. Elemental's focus on sustainable industrial innovation and circular economy principles has been recognized through this funding round, enabling them to deliver high-performance materials demanded by the industry at scale. Through this partnership, Elemental is poised to further enhance its capabilities in recovering critical minerals from e-waste, contributing to environmental responsibility and economic performance.
Overall, the funding from Taranis signifies a significant step towards accelerating the deployment of Elemental's innovative platform and driving the transition towards a more sustainable and low-carbon industrial landscape.
Topics
Production
Innovation
Investment
Sustainable Energy
Circular Economy
Industrial Emissions
Recycling
Climate Technology
Carbon Nanomaterials
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