Monolith Materials
Clean hydrogen and solid carbon black production.
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| Total Funding | 000k | ||
Monolith Materials, founded in 2012 as Boxer Industries by Rob Hanson and Pete Johnson, is a clean technology company that produces essential commodities. Initially based in Redwood City, California, the company relocated its headquarters to Lincoln, Nebraska, to leverage the state's renewable energy resources. The founders' vision was to establish an enterprise that was both environmentally transformative and financially sustainable. Hanson, who serves as CEO, previously worked as the global director of product management at AREVA Solar.
The company's core technology is a proprietary methane pyrolysis process that uses renewable electricity to convert natural gas into two main products: carbon black and clean hydrogen. This combustion-free method splits natural gas molecules into carbon and hydrogen, significantly reducing emissions compared to traditional manufacturing. The carbon is processed into carbon black, a vital material used to reinforce rubber products like tires and as a pigment in plastics and inks. Monolith has established a partnership with The Goodyear Tire & Rubber Company to supply carbon black.
The clean hydrogen co-product is utilized in various applications, notably for conversion into anhydrous ammonia for agricultural fertilizers. This positions the company to decarbonize both the materials and agriculture sectors. Monolith's business model is centered on selling these two high-value commodities. The company operates its first commercial-scale plant, Olive Creek 1 (OC1), in Hallam, Nebraska, which began operations in 2020. An expansion, Olive Creek 2, is planned and expected to be completed in 2026. The company has secured significant funding, including a conditional loan from the U.S. Department of Energy and investments from firms like TPG Rise Climate, Decarbonization Partners, and SK Inc., with which it has an MOU to expand into South Korea.
Keywords: methane pyrolysis, clean hydrogen, carbon black, anhydrous ammonia, sustainable materials, decarbonization, renewable energy, clean technology, industrial chemicals, rubber products, tire manufacturing, agricultural fertilizers, green hydrogen, emissions reduction, sustainable manufacturing, chemical production, advanced materials, process technology, circular economy, Nebraska