According to the Tallinn-based startup, the reactor will be able to produce 100 tonnes of CO2 per year.
The companys technology isolates CO2 from flue gasses from heavy industry emitters.
It then uses a process calledmolten salt electrolysisto turn it into green carbon.
With this process, Up Catalysts first aim is to achieve price parity with traditional carbon sources.
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EV batteries present an illuminating example, typically containing 50 to 100kg of graphite.
With our technology we can help localise production, he added.
At the same time, the startups process promises a significantly lower carbon footprint compared to conventional graphite production.
Thefundinground saw equal participation from VC firm Warsaw Equity Group and Estonias state fund SmartCap.
It follows an initial seed round of 4mn, bringing the total seed investment to 6.36mn.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
