Monolith Raises Over $300-Mn in Funding To Further Develop Scale Technology

摘要

Lincoln-Monolith,self-described as a"leader"in clean hydrogen,carbon black and ammonia,recently announced its latest investment round of more than $300-million,which will be used toward further development of its methane pyrolysis process.Monolith's proprietary methane pyrolysis process converts natural gas into high-purity carbon black,ammonia and hydrogen.The company recently received conditional approval for a $1.04-billion loan from the U.S.Dept.of Energy to help fund an expansion of clean carbon black and clean hydrogen at Monolith's Olive Creek facility in Hallam,Neb.(PCN,3 Jan 2022,p 4).