# New Green Chemicals and E-Fuels Startups Founded Since 2020: Market Map 2026 (17 Companies)

> 17 green chemicals and e-fuels startups founded in 2020 or later, mapped in 4 segments, best-funded first: $173M raised. Updated nightly.

Source: https://millionrounds.com/market-maps/new-green-chemicals-and-e-fuels-startups-market-map (Millionrounds; every figure on the page links to its filing or article)

## Biofuels and biogas

6

- [Terragia Biofuel](https://millionrounds.com/company/terragia-biofuel)
- [BiofuelCircle](https://millionrounds.com/company/biofuelcircle)
- [*AF* Alder Fuels](https://millionrounds.com/company/alder-fuels)
- [SixRing](https://millionrounds.com/company/sixring)
- [Pipeline Organics](https://millionrounds.com/company/pipeline-organics)
- [Nina Energy](https://millionrounds.com/company/nina-energy)

## CO2 to chemicals

5

- [Again](https://millionrounds.com/company/again)
- [D-CRBN](https://millionrounds.com/company/d-crbn)
- [enadyne](https://millionrounds.com/company/enadyne)
- [Anodyne Chemistries](https://millionrounds.com/company/anodyne-chemistries)
- [Algbio](https://millionrounds.com/company/algbio)

## Sustainable aviation fuel

3

- [LanzaJet](https://millionrounds.com/company/lanzajet)
- [Metafuels](https://millionrounds.com/company/metafuels)
- [ATOBA Energy](https://millionrounds.com/company/atoba-energy)

## Green chemicals

3

- [MCatalysis](https://millionrounds.com/company/mcatalysis)
- [Universal Fuel Technologies](https://millionrounds.com/company/universal-fuel-technologies)
- [Spark e-Fuels](https://millionrounds.com/company/spark-e-fuels)

## Segment by segment

### Biofuels and biogas

6 startups · $16M raised

- [**Terragia Biofuel**](https://millionrounds.com/company/terragia-biofuel) Terragia Biofuel provides the technology to drive the next generation of biofuels. United States $6.0M
- [**BiofuelCircle**](https://millionrounds.com/company/biofuelcircle) BiofuelCircle Private Limited is a Pune-based startup founded in June 2020, focusing on the bioenergy supply chain, particularly b India $5.4M
- [*AF* **Alder Fuels**](https://millionrounds.com/company/alder-fuels) Alder Fuels is a process technology and project development company in the advanced, low-carbon transportation fuels industry United States $2.0M
- [**SixRing**](https://millionrounds.com/company/sixring) SixRing created a collection of patented chemical formulas, and low-energy processes for delignifying biomass to produce biofuels. Canada $1.4M
- [**Pipeline Organics**](https://millionrounds.com/company/pipeline-organics) Pipeline Organics is a cleantech startup based in Nottingham, UK, founded in 2021. United Kingdom $1.0M
- [**Nina Energy**](https://millionrounds.com/company/nina-energy) Nina Energy Limited is a clean-tech company based in Quito, Ecuador, founded in 2021. Ecuador $268K

### CO2 to chemicals

5 startups · $76M raised

- [**Again**](https://millionrounds.com/company/again) Again, also known as Again Bio, is a Danish biotechnology startup founded in 2020. Denmark $46M
- [**D-CRBN**](https://millionrounds.com/company/d-crbn) D-CRBN recycles CO2 for industrials through our patented CCU plasma technology. Belgium $20M
- [**enadyne**](https://millionrounds.com/company/enadyne) enaDyne is a climate technology company based in Leipzig, Germany, specializing in the development of fully electric, modular plas Germany $8.2M
- [**Anodyne Chemistries**](https://millionrounds.com/company/anodyne-chemistries) Anodyne Chemistries is a Canadian deep-tech and industrial biotechnology company founded in 2021, based in Burnaby, British Columbia. Canada $724K
- [**Algbio**](https://millionrounds.com/company/algbio) Algbio treats wastewater and captures CO2 with microalgae to produce biofuels, bioplastics, biomaterials and generate carbon credits. Türkiye $120K

### Sustainable aviation fuel

3 startups · $71M raised

- [**LanzaJet**](https://millionrounds.com/company/lanzajet) LanzaJet is a private company founded in 2020 that focuses on sustainable fuels technology. United States $67M
- [**Metafuels**](https://millionrounds.com/company/metafuels) Metafuels is a Swiss climate technology company founded in 2019, focused on developing sustainable aviation fuel (SAF) technology Switzerland $2.2M
- [**ATOBA Energy**](https://millionrounds.com/company/atoba-energy) ATOBA Energy is a private company founded in 2024, focused on sustainable aviation fuel (SAF) aggregation and financing. France $1.4M

### Green chemicals

3 startups · $10M raised

- [**MCatalysis**](https://millionrounds.com/company/mcatalysis) MCatalysis is on a mission to produce low-cost, clean synthetic fuels and chemicals by upcycling waste carbon resources, such as a United States $5.0M
- [**Universal Fuel Technologies**](https://millionrounds.com/company/universal-fuel-technologies) Universal Fuel Technologies is a chemical technology company based in Los Altos, California. United States $3.0M
- [**Spark e-Fuels**](https://millionrounds.com/company/spark-e-fuels) Spark e-Fuels is a Berlin-based climate-tech startup founded in 2021. Germany $2.4M

**How this map is made.** Every startup here has raised money in rounds we track, and was founded in 2020 or later. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in green chemicals and e-fuels, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

## More market maps

[All maps](https://millionrounds.com/market-maps)

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## Who backs green chemicals and e-fuels?

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