ESG Today writes that 2022-founded Terragia develops a technology that enables the production of sustainable fuels from cellulosic biomass, using thermophilic organisms for the process, avoiding thermochemical pretreatments usually used. This way, the company ensures a more affordable end product for companies.

Kristin Brief, Terragia's recently-named CEO, said that "we have a unique opportunity to make a transformational impact on climate outcomes, in addition to generating substantially higher revenues for biofuel producers."

Engine Ventures and Energy Impact Partners led the 6 million USD financing round and Terragia officials believe that their solutions can remove around 3 gigatons of CO2 emissions per year.