“Efficiently scaling Monolith’s know-how to serve a worldwide market will profit from the sort of funding that we now have from MHI,” mentioned Rob Hanson, co-founder and CEO of Monolith Supplies. “This relationship can be a mannequin for evaluating future funding alternatives to make emissions-free hydrogen the usual around the globe.”
Hydrogen, with its purposes in transportation, manufacturing, vitality storage and energy era, is commonly seen as key to a cleaner vitality future. Nonetheless, the prevailing manufacturing course of isn’t sustainable on account of excessive CO2 emissions. The Center for Climate and Energy Solutions states hydrogen manufacturing generates 830 million metric tons of CO2 yearly, equal to the output of your complete nation of Germany.
By an progressive and proprietary breakthrough in commercial-scale methane pyrolysis, Monolith is now manufacturing emissions-free, economically sustainable hydrogen utilizing 100% renewable vitality. Monolith’s hydrogen is classed as “turquoise hydrogen,” which meets the business customary for the cleanest hydrogen obtainable as we speak.
“By fixing the century-old drawback of scaling methane pyrolysis to a business stage, Monolith Supplies has emerged as a pacesetter within the manufacture of emissions-free hydrogen,” mentioned Yoshihiro Shiraiwa, President and CEO, Mitsubishi Heavy Industries America. “Whereas we’re evaluating plenty of clean-energy improvement choices, Monolith presents nice promise. We’re excited to be the primary in a brand new wave of strategic buyers supporting the event of their know-how.”
Monolith Supplies, which was based in 2012, developed a course of know-how that converts pure fuel into clear hydrogen and a strong carbon materials known as carbon black, a crucial uncooked materials within the automotive and industrial sectors. The corporate is presently within the working stage of Olive Creek 1 (OC1), its first commercial-scale emissions-free manufacturing facility designed to supply roughly 14,000 metric tons of carbon black yearly together with clear hydrogen. Along with producing carbon black and clear hydrogen, the corporate just lately introduced its plans to supply emissions-free ammonia at a second part manufacturing facility generally known as Olive Creek 2 (OC2) in Hallam, Nebraska.
Mixed, Monolith Supplies’ manufacturing of hydrogen, emissions-free ammonia and carbon black are anticipated to cut back greenhouse fuel emissions by as a lot as 1 million metric tons per yr in comparison with conventional manufacturing processes.
About Monolith Supplies
Monolith Supplies is a subsequent–era chemical and hydrogen firm that makes use of renewable electrical energy as a part of a proprietary course of to transform standard and renewable pure fuel to carbon black and hydrogen in an environmentally advantaged method. Monolith is backed by Azimuth Capital Administration, Cornell Capital LLC, Crucial Ventures and Warburg Pincus. For extra data on Monolith Supplies go to www.monolithmaterials.com.
About Mitsubishi Heavy Industries (MHI)
Mitsubishi Heavy Industries (MHI) is without doubt one of the world’s largest industrial teams headquartered in Japan, offering superior engineering, applied sciences and built-in programs for purchasers throughout land, sea, sky and house for over 130 years. MHI has superior and built-in options throughout the vitality panorama, starting from advanced-class fuel generators to funding in and manufacturing of renewable vitality infrastructure. For extra data on MHI go to www.mhi.com
SOURCE Monolith Supplies
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