Mitsubishi Heavy Industries America invests in Monolith Materials
Clean hydrogen and chemical production company Monolith Materials has received an investment from Mitsubishi Heavy Industries America to support its hydrogen manufacturing technology.
Through commercial-scale methane pyrolysis, Monolith manufacturers emissions-free, economically sustainable hydrogen, classified as “turquoise hydrogen”. Meeting the industry standard for the cleanest hydrogen available today, the company is thought to be a US leader in the field.
“Successfully scaling Monolith’s technology to serve a global marketplace will benefit from the kind of investment that we have from MHI,” said Rob Hanson, co-founder and CEO of Monolith Materials.
“This relationship will be a model for evaluating future investment opportunities to make emissions-free hydrogen the standard around the world.”
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