Elemental Advanced Materials, based in Houston, has closed a $20 million funding round led by Taranis to scale the production of carbon nanomaterials, clean hydrogen, and recovered critical minerals. The company's innovative approach involves converting waste hydrocarbons such as plastics and gases into high-value carbon nano onions and hydrogen using a CO₂e-neutral process. This not only reduces carbon intensity and waste but also aids in the recovery of critical minerals from e-waste, promoting circularity in supply chains. Ian Bishop, the President and Co-Founder of Elemental, emphasizes the mission to create high-purity carbon nanomaterials and hydrogen at scale, catering to industry demands while focusing on sustainability. The carbon nanomaterials produced, including graphene and carbon nano-onions, offer enhanced performance in various applications like batteries, capacitors, electronics, and construction materials by improving durability, thermal and electrical conductivity, and EMI shielding while reducing embedded emissions. Taranis, through its investment arm Taranis Carbon Ventures, supports Elemental's platform as it aligns with their goal of investing in technologies that accelerate the transition to a sustainable low-carbon future. This collaboration showcases a positive outlook towards clean energy production, sustainable technology, and circular innovation in the industrial sector, reflecting a global urgency for environmentally responsible solutions.