Monolith Materials, which was founded in 2012, developed a process technology that converts natural gas into clean hydrogen and a solid carbon material called carbon black, a critical raw material in the automotive and industrial sectors. The company is currently in the operating stage of Olive Creek 1 (OC1), its first commercial-scale emissions-free production facility designed to produce approximately 14,000 metric tons of carbon black annually along with clean hydrogen.

Key Contact

Funding Events

Date	Amount	Type	Investors	Valuation
11/30/20	undisclosed	Strategic	Mitsubishi Heavy Industries America	undisclosed
07/14/22	$300,000,000	Venture	Azimuth Capital Management Decarbonization Partners Mitsubishi Heavy Industries America NextEra Energy Resources SK Capital TPG Rise Climate	undisclosed