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January 12, 2022
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January 13, 2022
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Ekona Power receives strategic investment from Baker Hughes to advance methane pyrolysis
News Commentary | November 22, 2021
After raising $3 million from BDC Capital, Ekona Power is now backed by Baker Hughes, which acquired a 20% stake in the methane pyrolysis startup. The two companies will join forces to identify suitable pilot projects and leverage Baker Hughes' expertise in turbomachinery to scale up Ekona's thermal... Not part of subscription
Methane pyrolysis developer HiiROC raises $35 million
News Commentary | December 03, 2021
The year 2021 has been good for startups developing methane pyrolysis: Monolith Materials, Ekona Power, C‑Zero, and HiiROC received hefty investments. HiiROC's investors include Melrose Industries, HydrogenOne, Centrica, Hyundai, Wintershall Dea, and VNG. HiiROC intends to use its new funding to ... Not part of subscription
PowerHouse Energy Group
Company Profile | March 18, 2022
High‑temperature gasification system for conversion of waste feedstock to synthetic gas (syngas); subsequent electricity or hydrogen production Focuses on waste and nonrecyclable plastic feedstock; also tested municipal solid waste (MSW), tire crumbs, and medical waste Operates 3 Mtonne/day ... Not part of subscription
by Runeel Daliah
Securing U.S. Department of Energy (DOE) backing is a big step forward for Monolith — it commissioned its first 14,000-tonnes-per-year (tpy) carbon black plant in 2020 that also produces 4,500 tpy of hydrogen.The loan will fund plant expansion to a carbon black capacity of 180,000 tpy, and the 60,000 tpy of hydrogen produced will be upgraded to ammonia. It's worth noting that Monolith primarily pursues carbon black instead of hydrogen — this shields the firm from low gray hydrogen prices in the U.S. due to availability of cheap natural gas and lack of penalties on fossil hydrogen. A methane pyrolysis company primarily targeting hydrogen will find it challenging to compete unless a long-term off-take agreement for carbon black is obtained.
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