The Department of Energy’s (DOE’s) first conditional loan guarantee offered to a non-nuclear project since 2016 will finance the expansion of a pioneering commercial-scale “turquoise hydrogen” and carbon black production facility in Nebraska.
The agency’s Loan Programs Office (LPO) on Dec. 23 offered a commitment to guarantee a loan of up to $1.04 billion under the LPO’s Title XVII Innovative Energy Loan Guarantee program to Monolith, a 2012-established firm that has developed a methane pyrolysis process to convert natural gas into hydrogen and high-purity carbon black using renewable energy. Carbon black, a solid carbon material, is a critical raw material in the automotive and industrial sectors.
