Elemental Advanced Materials, a leader in low-emission carbon nanomaterials and hydrogen production, announced the closing of a $20 million funding round led by Taranis.
How the funding will be used: The funding will enable Elemental to scale its patented, single-step manufacturing process, which converts hydrocarbon-rich waste, such as plastics, tank bottoms, and gas by-products, into high-performance carbon nanomaterials and clean hydrogen. This CO₂e-neutral process facilitates the recovery of critical minerals from end-of-life electronics, thereby contributing to increased circularity in supply chains.
Elemental’s carbon nanomaterials, such as graphene and carbon nano-onions, enhance the performance of batteries, capacitors, and electronics. And these materials also increase durability, thermal and electrical conductivity, and EMI shielding of cement, resins, composites, and lubricants while significantly reducing their embedded emissions.
KEY QUOTES:
“Our mission is to transform waste hydrocarbons into high-purity carbon nanomaterials and hydrogen. This funding will allow us to scale production and deliver performance materials at the cost, quality, and volume industry demands, while expanding our capabilities to recover critical minerals from e-waste.”
Ian Bishop, President and Co-Founder of Elemental
“Taranis backs technologies with the power to bend the industrial emissions curve. Elemental’s platform not only reduces carbon intensity and waste but also creates value from discarded resources. That’s the kind of circular innovation the world urgently needs.”
David Sorin, Managing Director of Taranis
