In a Nutshell
- Warsaw Equity Group, together with Estonia’s state fund SmartCap, has invested €2.36M in UP Catalyst.
- UP Catalyst, a key player in sustainable carbon production from CO2 emissions, will use the funding to build its first production unit, aiming to become the world’s largest provider of CO2-based carbon materials.
Warsaw Equity Group Expands, Strengthening Presence in the Baltics
This investment is a key addition to Warsaw Equity Group’s growing Climate Tech portfolio. It also broadens their presence in the Baltics, which is a target region for them.
“We’re especially excited about this opportunity as it sets the stage for further capital deployment into tech-driven initiatives across the Baltics and Central and Eastern Europe,” shared Warsaw Equity Group’s representatives.
Arvin Khanchandani, Investment Manager at Warsaw Equity Group, shared: “Supporting UP Catalyst aligns perfectly with Warsaw Equity Group’s mission to invest in ground-breaking technologies that combat climate change. Turning industrial CO2 emissions into critical carbon-based raw materials that we are severely lacking in Europe is a game changer. We have been continually impressed by the strength and expertise of UP Catalyst’s team and look forward to this partnership.”
Scaling CO2-Based Carbon Production
Thе investment will enable UP Catalyst to fast-track the development of an industrial pilot reactor that processes 100 tons of CO2 annually, producing 27 tons of advanced carbon materials. The technology aims to match the cost of traditional carbon sources while drastically lowering the carbon footprint.
The new plant will have a production capacity ten times larger than the current facility.
“We are thrilled to embark on this partnership with Warsaw Equity Group. This collaboration is also a testament to our work at UP Catalyst, affirming that we are on the right path to fostering long-term, impactful change by utilizing CO2 emissions from hard-to-abate industries and providing a strong, sustainable contender to fossil fuel-based raw materials.” said Dr Gary Urb, CEO of UP Catalyst.
