Monolith Materials (Lincoln, Nebraska) has announced an investment from Mitsubishi Heavy Industries America to support its innovative commercial-scale, emissions-free hydrogen manufacturing technology. The announcement is the latest in a series of recent strategic investments made by MHI in support of achieving a decarbonized world. Monolith Materials is the first U.S. manufacturer to produce a clean, industry-transforming hydrogen known as “turquoise hydrogen” on a commercial scale.
“Successfully scaling Monolith’s technology to serve a global marketplace will benefit from the kind of investment that we have from MHI,” said Rob Hanson, co-founder and CEO of Monolith Materials. “This relationship will be a model for evaluating future investment opportunities to make emissions-free hydrogen the standard around the world.”
Through an innovative and proprietary breakthrough in commercial-scale methane pyrolysis, Monolith is now manufacturing emissions-free, economically sustainable hydrogen using 100% renewable energy. Monolith’s hydrogen is classified as “turquoise hydrogen,” which meets the industry standard for the cleanest hydrogen available today.
Monolith Materials, which was founded in 2012, developed a process technology that converts natural gas into clean hydrogen and carbon black. The company is currently in the operating stage of Olive Creek 1 (OC1), its first commercial-scale emissions-free production facility designed to produce approximately 14,000 metric tons of carbon black annually along with clean hydrogen. In addition to producing carbon black and clean hydrogen, the company recently announced its plans to produce emissions-free ammonia at a second phase production facility known as Olive Creek 2 (OC2) in Hallam, Nebraska.