SK Establishes Joint Venture with US Monolith... Entering the Domestic Turquoise Hydrogen Market
NSP NEWS, By soon ki Lee Journali
END7
(Seoul=NSP News Agency) soon ki Lee Journalist = SK, an investment company, will establish a joint venture with Monolith of the United States, which has successfully commercialized turquoise hydrogen, and enter the domestic turquoise hydrogen and solid carbon markets.
Turquoise hydrogen is hydrogen produced by injecting natural gas, the main component of methane(CH4) into a high-temperature reactor and decomposing it into hydrogen(H2) and solid carbon(C). Since no carbon dioxide is generated during the production process, it is classified as an eco-friendly clean hydrogen along with blue hydrogen.
Monolith, located in Nebraska, USA, was established in 2012, and possesses the original technology to produce high-purity turquoise hydrogen by injecting natural gas into its independently developed reactor and then pyrolyzing it. In particular, Monolith also produces eco-friendly solid carbon that can be processed into carbon black, which is the main component of tires, coke for steel making, and artificial graphite for electric vehicle batteries during the process of generating turquoise hydrogen.
Turquoise hydrogen is hydrogen produced by injecting natural gas, the main component of methane(CH4) into a high-temperature reactor and decomposing it into hydrogen(H2) and solid carbon(C). Since no carbon dioxide is generated during the production process, it is classified as an eco-friendly clean hydrogen along with blue hydrogen.
Monolith, located in Nebraska, USA, was established in 2012, and possesses the original technology to produce high-purity turquoise hydrogen by injecting natural gas into its independently developed reactor and then pyrolyzing it. In particular, Monolith also produces eco-friendly solid carbon that can be processed into carbon black, which is the main component of tires, coke for steel making, and artificial graphite for electric vehicle batteries during the process of generating turquoise hydrogen.
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Through the signing of the MOU between the two companies, the strategy is to combine Monolith’s unrivaled technological competitiveness and SK’s business capabilities to preempt business opportunities in the domestic market, where demand for eco-friendly industrial raw materials such as turquoise hydrogen and solid carbon is increasing. The two companies are scheduled to sign a contract to establish a joint venture as early as next year.
Along with discussions on the establishment of the domestic joint venture, the two companies will conduct research to utilize the eco-friendly solid carbon of Monolith as an artificial graphite anode material for secondary batteries.
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