🔬 Terragia uses engineered bacteria to convert cellulosic biomass into ethanol and other chemical products.
💰 The funding will be used to commercialize Terragia’s technology, expand the team, and establish partnerships.
🌱 Cellulosic biofuels are crucial for reducing CO2 emissions and achieving climate stabilization.
🚀 Terragia’s technology has the potential to significantly reduce the cost of biofuel production.
👥 Leadership changes include the appointment of Kristin Brief as CEO and Lee Lynd as CTO.
Introduction:
Terragia Biofuel, a company focused on developing low-carbon biofuel technology, has raised $6 million in a seed round of funding. The company plans to use the funds to commercialize its biology-based approach to converting cellulosic biomass into ethanol and other products, expand its team, and establish partnerships with major biofuel producers.
- Terragia uses engineered thermophilic bacteria to break down cellulosic biomass and convert it into ethanol and other chemical products.
- The company’s technology utilizes a one-step “consolidated” bioprocessing approach, eliminating the need for added enzymes and thermochemical pretreatment, which significantly reduces the cost of production compared to conventional cellulosic biofuel methods.
- Cellulosic biofuels play a crucial role in achieving low-carbon fuels for transportation and removing CO2 from the atmosphere, contributing to climate stabilization.
- Terragia’s technology has the potential to displace three gigatons of CO2 emissions annually and enable the capture of even more CO2.
- The development of Terragia’s technology is supported by funding from the U.S. Department of Energy, the São Paulo Research Foundation, the U.S. Department of Agriculture, the National Science Foundation, and private capital.
Conclusion:
Terragia Biofuel has secured $6 million in funding to further develop its biology-based approach to producing low-carbon biofuels. By using engineered bacteria and a streamlined bioprocessing method, the company aims to unlock the potential of cellulosic biomass as a renewable energy source. This technology has the capacity to significantly reduce CO2 emissions and contribute to climate stabilization, making it a promising solution for the transportation sector. With the additional capital, Terragia plans to scale up its operations, establish partnerships, and continue advancing its innovative biofuel technology.
