Investing at
UP Catalyst

Invest in a deep-tech startup that produces critical raw materials—locally, sustainably, and at a competitive price

Technology deployment and scale-up plan

UP Catalyst’s research into producing carbon materials through molten salt electrotransformation technology began over a decade ago at the University of Tartu, Estonia, followed by establishing UP Catalyst in 2019. Over the past few years, we have successfully scaled our technology from laboratory gram-scale reactors to a pilot production facility in Maardu, Estonia. Our current reactor unit can synthesize 10 kg/day of multi-walled carbon nanotubes (MWCNTs). 


According to our scale-up plan, by 2030, UP Catalyst will construct a large-scale facility with an annual production capacity of 60,000 tons of carbon materials—enough to power over 1 million electric vehicles. Once the first large-scale facility is operational, subsequent facilities can be easily replicated, co-located with CO₂ emitters, and positioned to supply sustainable graphite across the EU. 

Low Cost

UP Catalyst production process requires 40% less energy than conventional synthetic graphite production.

To produce carbon nanotubes, UP Catalyst production process requires 90% less energy. That ensures low carbon material costs, compatible with fossil-based carbon materials. 

High performance

UP Catalyst production process requires 40% less energy than conventional synthetic graphite production.

To produce carbon nanotubes, UP Catalyst production process requires 90% less energy. That ensures low carbon material costs, compatible with fossil-based carbon materials. 

Localised Production

Local graphite production near battery facilities boosts supply chain resilience by reducing reliance on dominant market producers. This localization shortens supply chains, mitigating geopolitical and trade disruption risks. UP Catalysts' flexible process supports regional implementation, enhancing supply security.

Sustainable

Unlike synthetic and natural graphite, UP Catalyst's graphite uses renewable forestry byproducts, achieving a negative carbon footprint through CO₂ sequestration. Its production emits far less CO₂ than synthetic (25-35t CO₂/ton) and natural graphite (10-15t CO₂/ton) and avoids destructive open-pit mining. It also eliminates the use of harmful chemicals like hydrofluoric acid in purification.

Easy to scale

UP Catalyst's approach uses off-the-shelf equipment, making it highly scalable and reducing both technological risk and capital costs. This enables quick deployment and expansion of production facilities. The use of proven equipment enhances process reliability and simplifies maintenance and upgrades.

Proprietary

UP Catalyst graphite offers significant economic and strategic benefits, enabling onshoring in Europe and North America, in line with the EU's Critical Raw Materials Act and the US Inflation Reduction Act. This fosters job creation in sustainable industries and strengthens local battery supply chains. Additionally, biographite helps OEMs and nations reduce Scope 3 emissions, supporting broader sustainability goals.

Tailored services for companies providing CO₂ to carbon solutions

The most cost-efficient and locally produced battery-grade graphite from industrial CO₂ emissions​. Our technology turns CO₂ emissions back into carbon at the lowest temperatures. ​

What do we do?

Therefore, low energy yielding lowest cost.

Rapidly growing battery graphite market

95 %

of the world’s lithium-ion battery anode production is controlled by China. Benchmark 2024

44 %

of global passenger EV sales by 2030 and 75% by 2040. BNEF 2023

44 %

expected annual increase in graphite demand from the battery sector until 2030. S&P Global 2022


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Our Investors & Memberships

Investor relations contact

Rait Maasikas

Chief Financial Officer

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