Chemical and hydrogen firm Monolith recently signed a memorandum of understanding (MOU) with SK Inc. to pursue a joint venture for producing clean hydrogen and carbon black products in South Korea.
Noting that it produces clean hydrogen and carbon black at a commercial-scale facility in Hallam, Neb., and expects additional growth in the United States, Monolith stated that it will share its production and technology knowledge with SK under the MOU. SK will produce hydrogen and solid carbon products in South Korea and oversee production, sales, and distribution of these products in that market, Monolith added.
“Monolith believes that for a global challenge like decarbonization, global collaboration is needed,” remarked Monolith CEO Rob Hanson. “We’re eager to continue our collaboration with SK Inc. to ensure cleanly produced hydrogen and carbon products are available around the world.”
Monolith’s process technology uses 100% renewable energy to convert natural gas into clean hydrogen and carbon black – a solid carbon material used as a raw material in the automotive and industrial sectors.
“Climate change is requiring markets around the world to dramatically transform their energy systems and, in a broader sense, their value chain as a whole to reduce adverse impact on the environment,” commented Moohwan Kim, SK executive vice president. “SK Inc. plans to collaborate with Monolith to expand its technologies globally and support our goal of creating new models for clean energy.”
