As stated by the EIB, the scope of the project comprises two demonstrator Generation 4 reactors for producing multi-walled carbon nanotube material (MWCNT) and synthetic graphite for EV batteries, as well as related corporate research and development. This enables the company to build the commercial scale of production and achieve economy of scale.

The project is eligible under the Bank's policy objective "Research, innovation and digital" of the Public Policy Goal "Innovation, Digital and Human Capital" as it concerns the development and demonstration of an innovative advanced manufacturing technology in Europe for the production of a critical raw material. The project contributes to the development of the EU-based battery industry, for which it can be considered an enabler. Due to its enabling character for the transition to e-mobility the project fully contributes to Climate Action (mitigation) objective. It meets the objectives of the Green Deal Industrial Plan proposed by the European Commission. The project, as a demonstration project, has high policy impact. It contributes to (i) carbon emission targets of the Fit for 55, (ii) Critical Raw Materials Act, and (iii) Industrial Carbon Management Strategy. The project is located in a Transition Region and contributes to the Bank's Cohesion policy.

The operation falls under the Invest EU eligible policy areas of Research, Development and Innovation as it concerns an innovative project for i) substituting primary and secondary critical raw materials for sustainable, low and zero emissions alternatives, as well as, ii) individual elements of the Carbon Capture, Utilisation and Storage ("CCUS") chain.

UP Catalyst O.U. is a company founded in 2019 and headquartered in Estonia, which produces carbon nanomaterials and graphite starting from industrial CO2 emissions.

No project contacts provided at the time of disclosure.

Client - UP Catalyst O.U.:

Phone: +372 5447 0599
Email: info@upcatalyst.com 
Address: Akadeemia tee 23, 12618 Tallinn, Estonia
Website: https://upcatalyst.com/

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