USA’s green hydrogen and
carbon black producer, Monolith Materials, has signed a memorandum of
understanding with the South Korean conglomerate company, SK Inc., on a joint
venture to produce green hydrogen and carbon black in South Korea.
Monolith Materials will provide its technological expertise in building the
project and SK Inc. will look after the production, distribution, and sales.
Carbon black is produced
as a side product from the turquoise hydrogen production technique which is a green
production process involving pyrolysis of natural gas to produce hydrogen and
solid-state carbon without releasing out gaseous greenhouse gases. The obtained
solid carbon is processed into carbon-black that is widely used in the
manufacturing of tyres ad mechanical rubber-based goods.
SK Inc. is planning to
establish a carbon-neutral economy at its production base under which it has
further planned for utilizing carbon black in electric vehicles by first
establishing the compatibility and feasibility of carbon black over graphite through
rigorous research and scientific investigations for building anode materials in
these vehicles.
As per ChemAnalyst,
many companies are striving to attain carbon neutrality by adopting green
production practices owing to the mounting pressure from the continued cropping
up of pro-climate norms and the growing market for sustainable products. The
joint venture will allow the USA’s Monolith Materials to expand its business in
South Korea and help South Korea’s SK Inc. to leap at its target for a carbon-neutral
economy. The demand for carbon black in Asia has been on its high ever since
the revival of the automobile sector after the pandemic period. The green
production technique is expected to add volumes to the supply of carbon black
which will be able to fulfil its high demand at the end-user industries. This
is further expected to normalize the prices of carbon black in the Asia
Pacific region.
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