Solid carbon can be used in the manufacturing of tyres
Turquoise hydrogen firm raises $300mn finance
Developer Monolith has obtained finance from a range of investors as it looks to expand the company and invest in R&D
Turquoise hydrogen developer Monolith has raised more than $300mn in a funding round. The bulk of the investment came from asset managers TPG, Blackrock and Temaset, with investment funds Nextera Energy Resources, SK, Azimuth Capital Management and manufacturer Mitsubishi Heavy Industries America also contributing. Monolith claims to be the first US manufacturer to use methane pyrolysis at scale to produce what is often referred to as turquoise hydrogen. Methane pyrolysis directly splits methane into hydrogen and solid carbon, also known as carbon black. Carbon black is a raw material that can be used in the automotive and industrial sectors, principally in tyre manufacturing. “We are
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
