Elemental Advanced Materials, producer of low-emission carbon nanomaterials and hydrogen production, has announced the closing of a $20 million funding round led by Taranis, a climate technology investment firm.
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.”
