What is Monolith?
Monolith Materials (Monolith) is at the forefront of chemical innovation, employing a proprietary process to transform natural gas into carbon black. This advanced method not only yields carbon black, a critical component in numerous industrial applications, but also generates hydrogen tail-gas as a valuable co-product. This hydrogen can be leveraged for clean power generation or as a feedstock for producing clean chemicals such as ammonia and methanol, positioning Monolith as a key player in sustainable chemical manufacturing.
How much funding has Monolith raised?
Monolith has raised a total of $135M across 6 funding rounds:
Private Equity
$9M
Private Equity
$12M
Private Equity
$14M
Private Equity
$9M
Private Equity
$6M
Private Equity
$85M
Private Equity (2013): $9M, investors not publicly disclosed
Private Equity (2015): $12M, investors not publicly disclosed
Private Equity (2016): $14M, investors not publicly disclosed
Private Equity (2017): $9M, investors not publicly disclosed
Private Equity (2017): $6M, investors not publicly disclosed
Private Equity (2018): $85M, investors not publicly disclosed
What's next for Monolith?
With the backing of major enterprise-level funding, Monolith is poised for significant expansion and technological advancement. The company's focus on a cleaner production process for carbon black, coupled with the co-production of hydrogen, aligns with global trends towards sustainability and decarbonization. Future investments are likely to be directed towards scaling production capacity, further optimizing its proprietary technology, and exploring new applications for its co-products. This strategic capital infusion will enable Monolith to solidify its market position and drive innovation in the chemical sector.
See full Monolith company page
