In New Hampshire, Terragia Biofuel announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use the capital to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount and initiate partnerships with major biofuel producers.
Terragia uses engineered thermophilic bacteria to break down cellulosic biomass and convert it into ethanol and other chemical products.
“We are proud to support Terragia on their path to revolutionizing cellulosic ethanol and sustainable aviation fuel (SAF) production,” said Ashwin Shashindranath, Partner at Energy Impact Partners. “Low-carbon fuels are a cornerstone of the energy transition, and we think Terragia has the right team and technology to become a leader in the field.”
More on the story.
Tags: cellulosic ethanol, New Hampshire, Terragia Biofuel
Category: Research
