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Investment

Monolith raises $300 million for clean H₂

by Michael McCoy
July 23, 2022 | A version of this story appeared in Volume 100, Issue 26

 

Monolith has raised more than $300 million to advance its pyrolysis technology for turning natural gas into low-carbon hydrogen and carbon black. The firm operates a commercial-scale facility in Hallam, Nebraska. It says the new funds will help it with future projects, including a second facility in Hallam that will also make ammonia and a partnership with SK to produce H2 and carbon black in South Korea.

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