Elemental Advanced Materials Closes $20M to Scale Production of Carbon Nanomaterials, Clean Hydrogen, and Recovered Critical Minerals
HOUSTON--(BUSINESS WIRE)--Elemental Advanced Materials, a leader in low-emission carbon nanomaterials and hydrogen production, today announced the close of a $20 million funding round led by Taranis, a climate technology investment firm.
'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," said David Sorin, Managing Director of Taranis.
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The funding will enable Elemental to scale its patented, single-step manufacturing process that 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 also supports the recovery of critical minerals from end-of-life electronics, further contributing to circularity in supply chains.
'Our mission is to transform waste hydrocarbons into high-purity carbon nanomaterials and hydrogen,' said Ian Bishop, President and Co-Founder of Elemental. '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.'
Elemental's carbon nanomaterials, including graphene and carbon nano-onions, enhance the performance of batteries, capacitors, and electronics. These materials also increase durability, thermal and electrical conductivity, and EMI shielding of cement, resins, composites and lubricants– while significantly reducing their embedded emissions.
'Taranis backs technologies with the power to bend the industrial emissions curve,' said David Sorin, Managing Director of Taranis. '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.'
About Elemental Advanced Materials
Elemental is a Houston-based advanced materials company turning waste plastics, gases, and hydrocarbons into high-performance carbon nanomaterials and hydrogen at commercial scale. Its patented, CO₂e-neutral process replaces toxic, resource-intensive legacy systems and supports sustainable industrial innovation. Learn more at elementaladm.com.
About Taranis
Taranis is an investment and impact project development entity of the Perenco Group. The mission is to research, finance and operate innovative initiatives in the fields of sustainable energy, carbon management and nature-based solutions. Drawing on Perenco's industrial expertise, Taranis aims to reconcile economic performance and environmental responsibility, while generating a tangible social impact.
The investment in Elemental was made through Taranis Carbon Ventures, Taranis' fund investing in breakthrough technologies that accelerate the transition to a sustainable low-carbon future. To learn more, visit taranis.eu.
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