ESG Today writes that CCF is a Colorado-based startup focused on developing the technologies that can help us remove carbon from the atmosphere, while using the emissions to produce more sustainable fuel alternatives, such as renewable natural gas (RNG).

The company uses resources left over in the Coal Bed Methane (CBM) wells, as well as infrastructure from Wyoming’s Powder River Basin to use farming byproducts as raw materials for its carbon-negative RNG production.

Renewable natural gas is also known as biomethane and it's produced from multiple type of organic waste coming from farming or industries, for example, having identical properties to its fossil-based counterpart. This allows quick decarbonization of the sectors that use RNG, since no infrastructure or machinery changes are required to implement it.

The resulted emissions from the process are being captured and stored underground in geological formations in a process that the company's team calls "Biomass with Carbon Capture and Storage" (BiCRS).

Ryan Waddington, CEO of CCF, said that "this capital, along with the WEA matching funds, will enable us to fully commercialize the BiCRS+RNG process and realize the technology vision behind it, which is nearly twenty years in the making."

The new capital will allow the company to fully commercialize its technology in a Wyoming facility by the end of 2025, as per officials, making it one of the world's most important RNG producers.