THE US Department of Energy has conditionally granted turquoise hydrogen company Monolith a $1.04 billion loan to expand its hydrogen and carbon black production operations in Hallam, Nebraska. The loan was issued under the department's Title XVII Innovation Energy Loan Guarantee Programme. Monolith intends to use the loan to accelerate the commercial deployment of a pyrolysis technology which uses renew-ably sourced electricity to convert natural gas into hydrogen, some of which will be converted to ammonia for fertiliser, and also for carbon black, used in a range of applications ranging from tyres, building materials and as a soil enhancer.
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