Carbonova Selected for Funding Through Emission Reduction Alberta's Advanced Materials Challenge

$4.38M ERA Grant Fuels Construction of Canada ʼs First Carbon Nanofiber Commercial Demonstration Plant in Calgary

CALGARY, AB, July 24, 2025 /CNW/ - Carbonova, a cleantech company transforming greenhouse gas emissions into high-performance carbon nanofibers (CNF), is proud to be among the recipients of the Government of Alberta and Emissions Reduction Alberta's (ERA) Advanced Materials Challenge grant. These funds, totaling $4.38 million, mark a major win in Carbonova's journey—supporting the company as it advances toward the commissioning of its first-of-its-kind Commercial Demonstration Unit (CDU) in Calgary.

"Together, [these projects] are going to generate over $233 million to our GDP by 2027 and create 1,600 high-quality jobs across the province…this is how we drive responsible growth – supporting home-grown technologies, accelerating commercialization, and building stronger, more resilient industries," said Justin Riemer of Emissions Reduction Alberta.

Founded in Alberta and built on proprietary catalytic technology, Carbonova has developed a breakthrough process that converts CO₂ and methane into sustainable, high-performance carbon nanomaterials for use in batteries, plastics, and construction. The company's patented process operates at a fraction of the cost and carbon footprint of traditional alternatives like carbon black, graphite, or carbon nanotubes.

"This support from ERA enables Carbonova to turn breakthrough science into real-world infrastructure," said Dr. Mina Zarabian, CEO & Co-Founder of Carbonova. "With customers lined up and eager for better, lighter, and more sustainable materials, ERA is catalyzing the emergence of a new industry—one where carbon emissions become the feedstock for high-performance advanced materials. Alberta is proving that climate leadership and industrial innovation can go hand-in-hand."

The ERA-funded project will de-risk scale-up and commercialization by enabling Carbonova to complete Front-End Engineering Design (FEED) and begin procurement and construction of its CDU, capable of producing 25 tonnes of CNF per year while utilizing over 50 tonnes of CO₂. The CDU will serve as a launchpad to fulfill offtake agreements already in progress and demonstrate Carbonovaʼs readiness for global deployment through a build-own-operate and licensing model.

This milestone builds on Carbonovaʼs growing momentum, following strategic partnerships with global manufacturers in batteries, composites, and construction, and a strong track record of customer-led Joint Development Agreements.

Carbonova is collaborating with a variety of strategic customers and partners at this exciting inflection point. With patented technology, world-class collaborators, and a clear path to commercialization, Carbonova is poised to scale its impact globally—starting right here in Alberta.

About Carbonova

Carbonova transforms CO₂ and methane into sustainable, high-performance carbon nanofibers used in batteries, composites, and construction materials. Based in Calgary, the company is accelerating the transition to a circular, low-carbon economy by offering scalable, cost-effective alternatives to legacy carbon materials.

Learn more about the ERA Advanced Materials Challenge: https://www.eralberta.ca/advanced-materials-challenge/

For more information about Carbonova, visit carbonova.com

About Tailwind Ventures

Tailwind Ventures is a strategic partner supporting Carbonova and continues to work with the company to prepare for its future Series A financing.

Tailwind Ventures empowers early- and growth-stage companies to withstand the scrutiny of due diligence and secure capital. Tailwind's diligent preparedness process enables ventures to build stronger businesses and improve the risk-reward relationship for ventures and investors. Tailwind Ventures has raised over C$370 million for clients since 2022. Tailwind is based in Calgary, Canada.

For more information about Tailwind Ventures, visit tailwindventures.co.

Forward-looking statements

Certain statements contained in this press release relate to future events, conditions, or outcomes with respect to Carbonova's business, its customers, technology, and the broader industry. All statements other than statements of historical fact may be forward-looking statements and are often, but not always, identified using words such as "believes", "seek", "plan", "expect" and similar expressions.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities.

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SOURCE Tailwind Ventures Inc.