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Monolith is the first U.S. company to manufacture "green hydrogen" on a commercial scale using its proprietary methane pyrolysis process, which uses 100-percent renewable energy.
/PRNewswire/ SK Inc., the investment firm for South Korea s third-largest conglomerate, announced today it is the lead investor in the latest round of.
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LINCOLN, Neb., June 3, 2021 /PRNewswire/ Monolith Materials, Inc., a leader in green hydrogen production, today announced it has received new investments from a consortium of investors led by SK Inc. and includes NextEra Energy Resources, LLC and Perry Creek Capital. This round also included additional investment from current Monolith funders Azimuth Capital Management, Cornell Capital and Warburg Pincus. These investments are the latest in a series of recent growth announcements for Monolith as it garners additional support for its innovative commercial-scale, clean hydrogen manufacturing technology. Monolith Materials is the first U.S. manufacturer to produce an industry-transforming hydrogen known as green hydrogen on a commercial scale using its proprietary methane pyrolysis process.
The road toward zero carbon emissions is paved in steps exactly the way Monolith Materials, a major producer of the popular and vital performance additive carbon black, is undertaking its journey.
The company began in 2012, and in 2016 established a now-decommissioned pilot project in Redwood…