Monolith Announces Additional Funding from Investor Consortium
Summary
"It is an exciting time for Monolith, and we are incredibly proud of the work we are doing to scale the business supported by world-class investors," said Rob Hanson, co-founder and CEO of Monolith.Monolith uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies carbon black and hydrogen production. The clean hydrogen to be produced at Monoliths expansion facility (OC2) will be converted to ammonia and is expected to be supplied as fertilizer to farmers in Americas Corn Belt to help feed and fuel the world. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, S\xe3o Paulo, Shanghai, and Singapore. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. Decarbonization Partners combines Temasek and BlackRocks complementary platforms and expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics.