Immaterial raises €15.4M for MOF decarbonisation tech

Industrial decarbonisation has moved from regulatory compliance to competitive advantage across Europe, with the EU’s Carbon Border Adjustment Mechanism creating unprecedented demand for breakthrough technologies. Cambridge-based Immaterial has secured €15.4 million in Series A2 funding to commercialise its monolithic metal-organic framework (MOF) systems, positioning the startup at the forefront of Europe’s green industrial transformation.

The round was led by SLB, the oilfield services giant pivoting towards energy transition technologies, with participation from existing investors. This backing represents more than capital—it provides Immaterial with direct access to industrial customers and deployment channels across SLB’s global energy infrastructure network.

Industrial decarbonisation funding attracts energy sector veterans

SLB’s leadership of this round signals a strategic shift within traditional energy companies towards tangible decarbonisation solutions. Unlike venture investors betting on potential, SLB brings immediate market validation and customer relationships that can accelerate Immaterial’s path to commercial scale. The company’s monolithic MOF technology addresses a critical bottleneck in industrial carbon capture—existing systems suffer from powder handling issues and limited durability.

“Our partnership with Immaterial aligns with our strategy to develop breakthrough technologies that enable the energy transition,” noted SLB’s corporate development team. The energy services company has increasingly focused its venture activities on technologies that can be rapidly deployed within its existing customer base, particularly in hard-to-abate industrial sectors.

European investors have deployed over €2.8 billion into climate tech startups in 2024, with industrial decarbonisation representing the fastest-growing subsegment. Immaterial’s approach differentiates through manufacturing scalability—their structured MOF systems can be produced using established industrial processes rather than requiring entirely new production infrastructure.

Monolithic MOF systems target European manufacturing sector

Immaterial’s technology addresses specific challenges within European manufacturing, where fragmented supply chains and diverse regulatory requirements demand flexible carbon capture solutions. Their monolithic approach eliminates powder handling complications while delivering superior performance in real industrial environments. The funding will accelerate pilot deployments across cement, steel, and chemical production facilities.

“European manufacturers need carbon capture systems that integrate seamlessly with existing operations,” explained Immaterial’s leadership team. “Our monolithic MOF technology delivers the reliability and efficiency required for continuous industrial processes.” The company has already demonstrated promising results in pilot installations, with commercial deployments planned throughout 2025.

The timing proves advantageous as European manufacturers face increasing pressure from both regulatory requirements and customer demands for lower-carbon products. Recent policy developments have strengthened incentives for industrial decarbonisation technologies, creating a more favourable market environment for solutions like Immaterial’s systems.

This funding positions Immaterial to capitalise on Europe’s industrial transformation whilst establishing a foundation for global expansion. SLB’s backing provides not just financial resources but strategic partnerships that could define the next phase of industrial decarbonisation technology deployment.