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Terragia Secures $6M to develop cost-competitive, low-carbon Biofuel Know-how.
Terragia Biofuel, a know-how startup aiming to drive the subsequent era of biofuels, introduced it has raised a $6 million seed spherical led by Engine Ventures and Power Impression 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 know-how avoids key options accountable for the excessive price of standard 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 environment, 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 College of Engineering and Director of the Superior Second Era 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, equivalent to a trillion greenback market.”
“With full penetration of this market, Terragia’s know-how 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 continuing growth of Terragia’s know-how is supported by funding from the U.S. Division of Power Middle 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 Associate of Engine Ventures mentioned:
Terragia has an thrilling alternative to succeed the place others within the cellulosic biofuel trade haven’t. The corporate’s know-how gives a radically totally different strategy that makes use of biology to cut back the excessive prices and scale of standard cellulosic biofuel manufacturing.
“With an skilled administration crew, deep trade expertise and a joint growth settlement with a serious 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, Associate at Power Impression Companions mentioned:
We’re proud to assist 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 predict Terragia has the best crew and know-how to change into a frontrunner within the subject.”
Kristin Temporary Joins as CEO
Terragia additionally introduced management modifications with the appointment of Kristin Temporary as Chief Govt Officer, efficient instantly. Temporary joins co-founders Lee Lynd, who transitioned to Chief Know-how Officer, Invoice Brady, Board Chair, and Chris Herring, Vice President of Know-how Growth.
Temporary commented, “It’s an honor to steer Terragia as CEO. I’ve spent nearly all of my 20-year profession advancing early-stage clear power startups, and Terragia’s know-how, crew, and path to commercialization are differentiated. We now have a singular alternative to make a transformational affect on local weather outcomes, along with producing considerably increased revenues for biofuel producers.”
About Terragia Biofuel
Based in 2022, Terragia Biofuel is a know-how startup on a mission to develop and deploy know-how 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 delivery and long-haul trucking.
Terragia’s know-how growth is supported by partnerships with Dartmouth Faculty and the College of Campinas respectively by funding from the U.S. Division of Power’s Middle 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
Terragia Secures $6M to Develop Price-Aggressive, Low-Carbon Biofuel Know-how, HANOVER, N.H., March 28, 2024