Elemental Advanced Materials Closes $20M to Scale Production of Carbon Nanomaterials, Clean Hydrogen, and Recovered Critical Minerals
HOUSTON--(BUSINESS WIRE)--Jun 24, 2025--
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624054487/en/
Elemental's patented, single-step manufacturing process converts hydrocarbon-rich waste – such as plastics, tank bottoms, and gas by-products – into high-performance carbon nano onions and clean hydrogen.
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 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20250624054487/en/
CONTACT: Ian Bishop
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY ENGINEERING CHEMICALS/PLASTICS NANOTECHNOLOGY SUSTAINABILITY MANUFACTURING MINING/MINERALS BATTERIES NATURAL RESOURCES
SOURCE: Elemental Advanced Materials
Copyright Business Wire 2025.
PUB: 06/24/2025 11:34 AM/DISC: 06/24/2025 11:33 AM
http://www.businesswire.com/news/home/20250624054487/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
David H. Rosmarin brings a founder-focused approach to anxiety at TechCrunch All Stage
Startups demand constant decision-making, pressure-filled pivots, and bring big emotional swings. It's no wonder anxiety shows up at every stage. But what if it didn't have to be a liability? At TechCrunch All Stage 2025 on July 15 at Boston's SoWa Power Station, Dr. David H. Rosmarin, clinical psychologist, author, and Harvard Medical School professor, will lead a refreshingly honest roundtable session that challenges how founders think about fear and pressure. His roundtable, 'Thriving with Anxiety: How Startup Founders Can Turn Fear, Pressure, and Self-Doubt into Their Greatest Advantage.'. This session isn't about 'overcoming' anxiety. It's about using it as a strategic advantage. As founder of the Center for Anxiety and a nationally recognized mental health expert, Rosmarin has worked with executives, entrepreneurs, and high-performance teams across industries. In this session, he'll guide attendees through a stigma-free, deeply practical conversation on how to turn anxiety into fuel, not friction. Expect takeaways on: With coverage in outlets like The New York Times, WSJ, GMA, and Rosmarin's work has reached millions. Now he's bringing it directly to startup leaders. If you're building under pressure (and who isn't?), this session will change how you how to channel your anxiety into your greatest advantage, and many other takeaways from a whole day packed with sessions with scaling experts at TC All Stage. Register now before prices go up at the door. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
Corebridge enters $2.8B reinsurance agreement with CS Life Re
Corebridge (CRBG) Financial earlier announced that it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51B as of March 31, 2025. The transaction is valued at $2.8B, consisting of both ceding commission and capital release, and will generate approximately $2.1B of net distributable proceeds after-tax for Corebridge. Kevin Hogan, President and CEO of Corebridge, said, 'This is a transformative transaction that repositions the company by exiting Individual Retirement variable annuities. This transaction delivers significant value for Corebridge and its shareholders. We are reaffirming our financial targets while reducing risk and maintaining our diversified business model. We expect to use the proceeds to accelerate our capital management objectives, including a substantial majority returned via share repurchases, with the remainder to support organic growth. Our Board of Directors approved a $2B increase to our share repurchase authorization in connection with this transaction.' Shares of Corebridge Financial are up nearly 6% to $34.97 in morning trading. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CRBG: Disclaimer & DisclosureReport an Issue Corebridge Financial Announces Major Reinsurance Transaction Corebridge Financial Elects Directors at Annual Meeting Corebridge participates in a conference call with JPMorgan Corebridge price target raised to $37 from $32 at Morgan Stanley Soros buys JPMorgan, exits Alibaba in Q1
Yahoo
8 minutes ago
- Yahoo
Smart Home Devices Reach 45% of US Internet Households
The smart home market is maturing, with 45% of US households owning core devices. As the customer base diversifies, business leaders must evolve strategies for success. Our research, surveying 100+ IoT executives, explores market growth, business models, customer retention, AI integration, and more. Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "Smart Home: Integration, Automation, and Control" report has been added to offering. The smart home market is maturing, with 45% of US internet households owning at least one core smart home device. The customer base is shifting to a more mass-market profile, new competitors continue to enter the market, and category leaders continue to push the envelope of innovation and value to keep their competitive edge. As the market matures, business leaders must adapt their product strategy, business models, and marketing messages for success. This research surveys more than 100 executives across the connected home and consumer IoT landscape to better understand their view of the market, changing business strategies, key metrics for success, and top challenges facing the market. Key questions addressed: Where is the growth in the smart home market today? What business models are most common, and which are most profitable? What are the best ways to acquire and retain customers? How is product marketing and merchandising changing as the market matures? How are solution providers incorporating AI? What will be the defining forces shaping the competitive landscape in the next three years? What are companies' outlook on industry standards efforts, including Matter? What are the greatest challenges facing consumer IoT businesses in the short and medium term, and what are the best strategies to tackle those challenges? Key Topics Covered: Executive Summary Business Expectation for 2025 vs. 2024 vs. 2023 Drivers of Positive 2025 Outlook Reasons for Challenged Outlook Connected Home Business KPIs % of Units Connected to Internet Engagement Frequency for an "Active" Customer Smart Product Benchmarks % of Businesses with Strategic Industry Partners How are industry partnerships most beneficial to your business? Top 10 Most Impactful Marketing Channels Drivers for User Engagement with Connected Devices Matter Standard Adoption % Using AI Internally % Using Consumer-Facing AI IoT Market Evolution Business Profile and Offerings Company Product Profile Business Models Employed Type of Connected Consumer Product Offered Types of Business Customers Served Revenue Models & Channels Revenue Models Employed for Connected Consumer Products and Services Business Model Most Impacting Profitability Services Offered in Connected Home Services Paid Service Subscription Adoption Paid Service Subscription Retain for 12 Months Price of Basic-Tier Smart Products Compared to Traditional Products Products Bundle with Smart Products Sales Channels of Connected Consumer Solution Return Rate of Smart Home Products Compared to Traditional Products Most Impactful Marketing Channel Business Strategic Partnership "In a few words tell us how industry partnerships are most beneficial to your business." Important Factors Influencing Vendor Selection Evaluating the User Experience Metrics Indicative of Successful Connected Consumer Products Engagement Frequency for an "Active" Customer Drivers for User Engagement with Connected Devices Average Percentage of Smart Product Units Connected to the Internet Effective Methods to Ensure Product Connecting Online Services Offered to Help Device Set-up and Installation Data Strategies & AI Products & Services Guided from User Generated Data Willingness to Pay Money for Insights Derived from User Data AI Usage in Organization AI Usage in Consumer Product and Service Business Strategy to Computing and Storage Technology Interoperability & Ecosystems Home Automation Standards, X10 to Matter Home Automation Standards Supported Challenges to Smart Home Interoperability Matter Standard Product Adoption "What factors do you believe will be most critical to Matter's success in the smart home ecosystem?" Attitudes Towards Tech Giants Business Outlook: 2025 and Beyond Business Expectation for 2025 vs. 2024 vs. 2023 Drivers of Positive 2025 Outlook Reasons for Challenged Outlook Business Challenges in the Future Goals for Connected Product Business in 2025 "What competitive advantages do you see as most critical for success in the smart home market?" Connected Home Market Growth Outlook: 2025-2028 For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
