The partnership will focus on key areas including material testing, development, production and supply, with the goal of creating alternatives to conventional fossil-based carbon black for powder coatings and wet paints.
Teknos and UP Catalyst have signed a Memorandum of Understanding (MoU) to collaborate on advancing sustainable carbon materials for use in paints and coatings.
By converting industrial CO₂ emissions into high-value carbon materials, the collaboration supports a circular economy approach and helps reduce reliance on fossil resources. The initiative is expected to strengthen sustainability across the supply chain while contributing to both companies’ climate objectives.
“We are excited to join forces with Teknos to bring sustainable carbon materials into mainstream industrial use. This cooperation not only advances our shared environmental goals but also showcases the scalability and versatility of CO₂-based carbon materials,” has commented Rait Maasikas, CFO of UP Catalyst.
“Our collaboration with UP Catalyst, will accelerate the development and scale-up processes to commercial volumes of sustainable raw material alternatives. We constantly search for, and test, new sustainable raw material alternatives. By using sustainable materials, we help both Teknos and our customers reduce emissions,” has added Pasi Virtanen, Head of Innovation at Teknos.