UP Catalyst Wins World Economic Forum’s Prestigious Carbon Capture and Utilization Challenge
UP Catalyst, a leader in renewable carbon material production, has been awarded first place in the prestigious World Economic Forum Carbon Capture and Utilization (CCU) Challenge. The challenge evaluated companies worldwide to identify breakthrough innovators reducing atmospheric carbon dioxide levels through smart solutions. Selected from a pool of 315 submissions, UP Catalyst’s groundbreaking technology emerged as the leading innovation for transforming industrial CO₂ emissions into high-value carbon products.
The CCU Challenge, funded by the Ministry of Economy and Planning in collaboration with the Ministry of Energy of the Kingdom of Saudi Arabia, is a global initiative aimed at identifying and supporting cutting-edge startups advancing industrial carbon capture and utilization technologies. Winners benefit from tailored support, access to exclusive networks, and a share of the CHF 300,000 prize pool.
Dr. Gary Urb, CEO of UP Catalyst, said:
We are honored to receive this prestigious recognition from the World Economic Forum,
“This award underscores the transformative potential of our technology to redefine industrial emissions as a resource while aligning with global sustainability goals. It validates that lowering CO₂ levels doesn’t just mean storing it underground—it holds far greater potential as a feedstock for creating valuable products.”
UP Catalyst’s Molten Salt Carbon Capture and Electrochemical Transformation (MSCC-ET) technology revolutionizes the production of battery-grade graphite by converting CO₂-rich flue gases into materials with a carbon footprint over 700 times lower than that of conventional synthetic graphite producers. This innovative process is not only significantly more energy-efficient but also reduces production time by weeks, setting a new standard for sustainable material manufacturing. Graphite, recognized as a critical raw material in the EU, US, Korea, and Japan, significantly enhances the geopolitical value of this innovative technology developed in Tallinn, Estonia.
The announcement highlights the strategic importance of CCUS technologies in combating climate change and underscores the critical role of innovation in achieving a sustainable global economy.
Dr. Urb, added :
Winning this challenge propels us to the forefront of the carbon utilization landscape,
“It provides an incredible platform to expand our impact and forge new collaborations within the global energy and raw materials sectors.”
For more information about UP Catalyst and its award-winning technology, visit www.upcatalyst.com.
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UP Catalyst Wins World Economic Forum’s Prestigious Carbon Capture and Utilization Challenge
