UP CATALYST OU
UP CATALYST GREEN GRAPHITE (IEU GT2): Gen 4 reactors and R&D
fin-eu-eib-2025-up-catalyst-loan
Reading this record
What the evidence says — and does not say
- What kind of figure?
- CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
- What has happened legally?
- ContractedA binding agreement has been executed. Not a payment, and not necessarily an obligation of funds: an agreement can leave that to a later step.
- Has money been paid?
- Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
- What does it link to?
- Project attributionNo direct registered project association is coded for this row. A project or facility may still be named in source text; absence of a link is not proof of inactivity.
This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.
Amount
As stated “€18,000,000 signed 20 December 2024”
EUR 18,000,000 · Exact · Currency stated in the source
Record
- Provider
- European Investment Bank (supported by InvestEU)European Investment BankPublic financier
- Legal authority
- Not stated
- Programme
- None named
- Recipient
- UP CATALYST OUUP CatalystCompany
- Project
- UP CATALYST GREEN GRAPHITE (IEU GT2): Gen 4 reactors and R&D
- Facility
- Not stated
- Location
- EstoniaEE
- Stages
- Processing, Research and developmentSeveral stages, split not stated
- Materials
- GraphiteAlso names: multi-walled carbon nanotubes (MWCNTs)Includes untracked materials
Status
Financial and physical progress are separate histories. The last entry is current.
Financial
- Contractedcurrent
EIB project 20240127 lists €18,000,000 signed on 20 December 2024. This establishes signature, not disbursement.
Implementation
No source states the physical status of a project for this row.
Notes
€18M of EIB venture debt signed in December 2024 for Up Catalyst's Generation 4 synthetic graphite and MWCNT demonstrator reactors and corporate R&D. The EIB's approximately €46M total project cost is not a second bank commitment. Neither drawdown nor construction of the Gen 4 reactors is established. The 2025 RESourceEU event retrospectively cites this earlier financing. The CRMA-designated CO2Graphite project (prj-ee-co2graphite) shares promoter and material, but reviewed primary sources do not show that the entire EIB financing is allocable to that designation; projectId is intentionally null. Financing also covers untracked MWCNTs and R&D, with no allocation breakdown. The same RESourceEU passage mentions a separate earlier financing: Keliber's EIB loan is independently recorded as fin-eu-eib-2024-keliber-loan, not combined with this UP Catalyst facility.
Evidence
Every populated field names the source that states it, how directly, and where.
UP CATALYST GREEN GRAPHITE (IEU GT2) — EIB project 20240127 signature record
European Investment Bank
- Fields supported
- Instrument · Value role · Capital source · Amount · Provider · Recipient · Project · Location · Supply-chain stages · Materials · Status
- Evidence level
- Explicit
- Location in document
- Signature(s); Summary sheet; Description; Additionality and Impact
- Qualification
- The EIB record gives the exact signed amount/date, promoter UP CATALYST OU, venture-debt form, InvestEU backing and two Gen 4 graphite/MWCNT reactors plus R&D; it shows no drawdown.
European Commission
- Fields supported
- Provider · Recipient · Materials
- Evidence level
- Explicit
- Location in document
- Section 2.1, third paragraph
- Qualification
- The December 2025 plan retrospectively mentions the EIB financing and the company's CRMA Strategic Project; it does not establish full allocation of the 2024 loan to CO2Graphite.
| Source | Fields supported | Evidence level | Location |
|---|---|---|---|
| UP CATALYST GREEN GRAPHITE (IEU GT2) — EIB project 20240127 signature record European Investment Bank · Source dossier |
| Explicit The EIB record gives the exact signed amount/date, promoter UP CATALYST OU, venture-debt form, InvestEU backing and two Gen 4 graphite/MWCNT reactors plus R&D; it shows no drawdown. | Signature(s); Summary sheet; Description; Additionality and Impact |
| RESourceEU Action Plan: Accelerating our critical raw materials strategy to adapt to a new reality (COM(2025) 945 final) European Commission · Source dossier |
| Explicit The December 2025 plan retrospectively mentions the EIB financing and the company's CRMA Strategic Project; it does not establish full allocation of the 2024 loan to CO2Graphite. | Section 2.1, third paragraph |