Monolith and SK have signed a memorandum of understanding (MoU) to pursue a joint venture for the production of clean hydrogen and carbon black products in South Korea. Monolith has developed a process technology that uses 100% renewable energy to convert natural gas into clean hydrogen and carbon black. As part of the MoU, Monolith will share its production technology knowledge with SK for the production of clean hydrogen and carbon black, while SK will oversee the production, sales and distribution of these products. Monolith is currently operating its first commercial-scale production facility in Hallam, Neb., for the production of clean hydrogen and carbon black. Last December, Monolith announced plans to produce clean ammonia at a second phase production plant in Nebraska. Monolith believes that for a global challenge like de-carbonization, global collaboration is needed.