Based in Huntington Beach, CA and founded in 2003, Newlight Technologies has reached the early commercial stage, but still needs $15 million in funding. Since 2013, when it started scaling up its technology, it has raised almost $41 million. The company’s technology turns either methane or CO2 emissions from farms, landfills, flaring and power plants into biodegradable plastics. With consumers wanting to move away from plastic made from fossil fuels, Newlight believes its technology has considerable upside potential. Newlight shows that converting greenhouse gases to plastics is economically viable. The company already has agreements to supply some 74 billion pounds of its product for the next two decades. Customers include big names such as Dell, Virgin Mobile, and IKEA.