Terragia Secures $6M to develop cost-competitive, low-carbon Biofuel Expertise.
Terragia Biofuel, a expertise startup aiming to drive the subsequent technology of biofuels, introduced it has raised a $6 million seed spherical led by Engine Ventures and Power Influence Companions (EIP). The corporate will use the capital to commercialize its novel biology-based strategy to changing cellulosic biomass into ethanol and different merchandise, develop its worker headcount and provoke partnerships with main biofuel producers.
Terragia makes use of engineered thermophilic micro organism to interrupt down cellulosic biomass and convert it into ethanol and different chemical merchandise. The corporate’s expertise avoids key options accountable for the excessive price of typical cellulosic biofuel manufacturing by one-step “consolidated” bioprocessing with out added enzymes, and leveraging mechanical disruption throughout fermentation (i.e., “cotreatment”) in lieu of thermochemical pretreatment.
Martin Keller, Director of the Nationwide Renewable Power Laboratory feedback:
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Cellulosic biofuels are a path to low-carbon fuels for aviation and different difficult-to-electrify transport modes in addition to CO2 elimination from the ambiance, each of that are vital for local weather stabilization.
“One-step organic conversion of cellulosic biomass with out added enzymes or thermochemical pretreatment has clear price discount potential relative to different course of ideas.” Provides Terragia CTO and Co-Founder Lee Lynd, a Distinguished Professor at Dartmouth’s Thayer Faculty of Engineering and Director of the Superior Second Technology Biofuel Lab on the College of Campinas, Brazil, “Conversion of ethanol to fuels for planes, ships, and vehicles is a number one possibility for roughly half of future world transportation power demand, for which electrification is probably going impractical, similar to a trillion greenback market.”
“With full penetration of this market, Terragia’s expertise is projected to displace 3 gigatons of CO2 emissions yearly and allow seize of a but bigger quantity of CO2.”
In partnership with Dartmouth Faculty and the College of Campinas, the continued improvement of Terragia’s expertise is supported by funding from the U.S. Division of Power Heart for Bioenergy Innovation and the São Paulo Analysis Basis, by grants from the U.S. Division of Agriculture and Nationwide Science Basis, in addition to non-public capital.
Katie Rae, CEO and Managing Accomplice of Engine Ventures stated:
Terragia has an thrilling alternative to succeed the place others within the cellulosic biofuel trade haven’t. The corporate’s expertise offers a radically totally different strategy that makes use of biology to scale back the excessive prices and scale of typical cellulosic biofuel manufacturing.
“With an skilled administration group, deep trade expertise and a joint improvement settlement with a significant U.S. biofuel producer already underway, Terragia’s go-to-market strategy has the potential not solely to fulfill future world transport demand however to create low carbon biofuel merchandise at a value level aggressive with fossil fuels.”
Ashwin Shashindranath, Accomplice at Power Influence Companions stated:
We’re proud to help Terragia on their path to revolutionizing cellulosic ethanol and sustainable aviation gasoline (SAF) manufacturing.
“Low-carbon fuels are a cornerstone of the power transition, and we expect Terragia has the best group and expertise to grow to be a frontrunner within the area.”
Kristin Temporary Joins as CEO
Terragia additionally introduced management adjustments with the appointment of Kristin Temporary as Chief Govt Officer, efficient instantly. Temporary joins co-founders Lee Lynd, who transitioned to Chief Expertise Officer, Invoice Brady, Board Chair, and Chris Herring, Vice President of Expertise Improvement.
Temporary commented, “It’s an honor to steer Terragia as CEO. I’ve spent the vast majority of my 20-year profession advancing early-stage clear power startups, and Terragia’s expertise, group, and path to commercialization are differentiated. Now we have a singular alternative to make a transformational impression on local weather outcomes, along with producing considerably greater revenues for biofuel producers.”
About Terragia Biofuel
Based in 2022, Terragia Biofuel is a expertise startup on a mission to develop and deploy expertise to supply sustainable liquid fuels from cellulosic biomass. Utilizing a novel organic strategy to changing cellulosic biomass into ethanol and different merchandise, the corporate seeks to allow manufacturing of low-cost, low-carbon liquid fuels for difficult-to-electrify transport modes, together with aviation, ocean transport and long-haul trucking.
Terragia’s expertise improvement is supported by partnerships with Dartmouth Faculty and the College of Campinas respectively by funding from the U.S. Division of Power’s Heart for Bioenergy Innovation and the Sao Paulo Analysis Basis, and by grants to Terragia from america Division of Agriculture and the Nationwide Science Basis. For extra info go to https://terragiabiofuel.com/
Terragia Secures $6M to Develop Price-Aggressive, Low-Carbon Biofuel Expertise, HANOVER, N.H., March 28, 2024
