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Monolith | Olive Creek OC1

USA
Greenfield

Overview

Status
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Greenfield
Region
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North America
Geography
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USA
State
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Nebraska
Equity Owner
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Investors in Monolith include SK Inc., NextEra Energy Resources, LLC and Perry Creek Capital., Azimuth Capital Management, Cornell Capital, Warburg Pincus, Mitsubishi Heavy Industries, TPG Climate Rise, Decarbonization Partners (a partnership between BlackRock and Temasek)
Proponent
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Monolith
Output
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Turquoise ammonia
Turquoise hydrogen
Type of electricty
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Capacity
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Financing
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Technology
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methane pyrolysis
Technical Advisors
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Advisors
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Project Contact
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Chris Mesrobian, Director of Technology
Lawyers
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Project Cost
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USD 1bn
Offtaker
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Commercial Operations Date
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2025
Decommission Date
-
FID
-

Description

The project involves the expansion of a proprietary process to produce approximately 275,000 metric tons per year of carbon-free anhydrous ammonia in the United States.

Monolith Materials in 2021 commissioned Olive Creek 1 (OC1), its first commercial-scale carbon-free production facility which is designed to produce approximately 14,000 metric tons of carbon black per year. With the next phase of its facilities, the company plans to use the hydrogen generated via its manufacturing process to cleanly produce ammonia and potentially a wide array of other products that require hydrogen.

Combined, Monolith Materials’ carbon-free ammonia and carbon black production are expected to reduce greenhouse gas emissions by as much as 1 million metric tons per year compared to traditional manufacturing process. Monolith Materials’ ammonia production facility will integrate with a new, 180,000 metric tons-per-year carbon black production facility known as Olive Creek 2 (OC2). Like the current OC1 facility, OC2 will be located in Hallam, Nebraska near many of the nation’s largest agricultural companies and run on 100% renewable electricity. Monolith expects construction on the new facility to begin in 2021.



Monolith taps equity investors amid plant delays

Monolith Materials is experiencing delays at its carbon black and hydrogen plant in Nebraska, and recently raised additional equity from its blue-chip investor base. The firm was one of the...

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