Mitsubishi Heavy Industries invests in Monolith Materials
Leader in Innovative Technology for Reducing Environmental Impact – Investment will strengthen and diversify MHI Group’s hydrogen value chain through innovative technological addition to its energy transition portfolio– Monolith’s plasma pyrolysis technology transforms natural gas into emissions-free “turquoise hydrogen” and production of high-purity carbon black Mitsubishi Heavy Industries, Ltd. (MHI) has completed a capital investment in Monolith Materials, Inc. (Monolith), a U.S. company with innovative technology enabling the production of hydrogen and carbon black from methane, which is abundant in natural gas, by the process of methane pyrolysis. The investment has been executed through Mitsubishi Heavy Industries America, Inc., MHI’s base of regional operations in the U.S. Monolith Materials is the first U.S. manufacturer to produce a clean, industry-transforming hydrogen known as “turquoise hydrogen”(1) on a commercial scale. By investing in Monolith, MHI Group looks to strengthen and diversify its hydrogen value chain – one of the key factors needed to reduce environmental impact and ensure the energy transition’s success – through technologies that can produce turquoise hydrogen, which does not emit CO2 in its production process, as well as high-purity carbon black. Specifically, this investment advances the production and supply of hydrogen through plasma-based methane pyrolysis technology, which uses renewable energy as its heat source.” As the importance of hydrogen to realizing a decarbonised society gains popularity, especially in Europe, the United States, and Japan, various clean hydrogen production technologies and supporting processes are required to make that vision a reality. Such technologies include the production of turquoise hydrogen derived by thermal decomposition of methane contained in natural gas, along with production of green hydrogen produced by water electrolysis technology using renewable energy, blue hydrogen derived from fossil fuels that do not emit CO2 and the supporting function of CCUS (carbon capture, utilisation and storage). MHI Group is […]