Creating a
green future

We’re here to provide raw materials using innovative technologies to make our planet livable for future generations

“We do things differently. Our idea grew out of the pain we had as researchers – to give the unwanted waste product a green purpose. We are driven to shift demand towards sustainable and locally sourced carbon materials.”

Dr. Gary Urb

Co-founder of UP Catalyst

Company

UP Catalyst transforms CO₂-rich flue gases from both biogenic and hard-to-abate sources into low cost, high-quality and energy-efficient carbon materials using its proprietary Molten Salt Carbon Capture and Electrochemical Transformation (MSCC-ET) technology.

UP Catalyst has been developing, testing and perfecting the method since 2019 to produce renewable carbon nanotubes and battery-grade graphite, offering a local alternative to heavily imported critical raw materials.

By 2030, UP Catalyst plans to establish a large-scale industrial facility capable of producing 60,000 tons of carbon materials annually, utilising approximately 250,000 tons of CO₂ in the process.

The company has secured an €18 million loan from the European Investment Bank (EIB), obtained €8 million in grants, and raised €6 million in equity funding.

Sustainable carbon solutions for a larger impact globally

We produce high-quality carbon materials without harming the planet.

Turning industrial CO₂ into green, local, and efficient carbon supply

We produce climate neutral carbon materials directly from CO₂ emissions using only
CO₂ and green electricity as main components.

Management Team at UP Catalyst

Rait Maasikas

Interim CEO/CFO

Teele Niidas

COO

Sebastian Pohlmann

CTO

Florian Wunsch

CCO

Ann Laheäär

Head of Product Applications & Grants

Einar Karu

VP of Technology

Our milestones and journey so far

2017

Achieved proof of concept for a technology capable of producing carbon materials from CO₂. 

2018

Validated our MVP in the laboratory at the University of Tartu.

2019

Founded UP Catalyst and started manufacturing carbon materials in small quantities.

2020-21

Lab-scale table top reactors actively producing carbon materials. Improving the quality of our products based on partners and clients feedback.

2022

Finalized Generation 2 reactor with production capacity of 1.5 kg of carbon material per day. Closed €0.5M pre-seed funding round led by Sunly Innovation.

2023

Secured €763 000 grant  from EAS-Enterprise Estonia. Closed €4M seed funding round led by Extantia Climate Flagship II GmbH and SmartCap Green Fund.

2024

Successfully launched a container-sized reactor with a production capacity of 2.5 tons per year. Secured €2.5M from Enterprise Estonia based on a Seal of Excellence from the EIC Accelerator grant. Closed seed extension funding round of €2.3M led by Warsaw Equity Group and SmartCap Green Fund. Obtained an €18M loan from the European Investment Bank.

2025

Update coming soon!

Projects

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