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Sk Inc. Leads Investment In Monolith Materials To Accelerate Green Energy Growth

Jun 03, 2021•over 4 years ago

Description

SK Inc., the investment firm for South Korea's third-largest conglomerate, announced today it is the lead investor in the latest round of funding for Monolith Materials, Inc., a U.S.-based leader in green hydrogen technologies. The investment will support expansion of Monolith's green hydrogen production facility in Nebraska and further SK's strategy to make carbon-neutral energy accessible to global markets as part of a commitment to Environmental, Social and Corporate Governance (ESG) management practices.

Company Information

Company

Monolith Materials

About

Monolith Materials is a next–generation green hydrogen and clean materials company that uses renewable electricity as part of a proprietary process to convert conventional and renewable natural gas to green hydrogen and carbon black in an environmentally advantaged manner. Monolith is backed by Azimuth Capital Management, Cornell Capital LLC, Imperative Ventures, Warburg Pincus, Mitsubishi Heavy Industries America, SK Inc., NextEra Energy Resources, LLC. and Perry Creek Capital. For more information on Monolith Materials visit www.monolithmaterials.com.

Company News

(8 articles)

Mon, 30 Nov 2020 08:00:00 GMT

Mitsubishi Heavy Industries Invests in Monolith Materials-- Leader in Innovative Technology for Reducing Environmental Impact - Mitsubishi Heavy Industries, Ltd.

Sun, 29 Nov 2020 08:00:00 GMT

Monolith Materials Receives Investment from Mitsubishi Heavy Industries (MHI) to Support Clean Hydrogen Production - PR Newswire

Tue, 01 Dec 2020 08:00:00 GMT

Methane pyrolysis process uses renewable electricity to split CH4 into H2 and carbon black - chemengonline.com

Thu, 03 Jun 2021 07:00:00 GMT

SK Inc. Leads Investment in Monolith Materials to Accelerate Green Energy Growth - PR Newswire

Wed, 12 Aug 2020 07:00:00 GMT

State of the Art of Hydrogen Production via Pyrolysis of Natural Gas - Schneider - 2020 - ChemBioEng Reviews - Wiley Online Library

Thu, 03 Jun 2021 07:00:00 GMT

Monolith Materials Receives Investments from SK Inc. and NextEra Energy Resources - PR Newswire

Tue, 06 Jun 2017 07:00:00 GMT

Monolith Materials Features Innovative Solutions At Movin'On - PR Newswire

Wed, 07 Oct 2020 07:00:00 GMT

Monolith Materials Plans to Build Country's First Large Scale Carbon-Free Ammonia Plant - PR Newswire

FundzWatch™ Score

Medium Activity