Monolith Materials, a leader in clean hydrogen and chemical production, has received an investment from Mitsubishi Heavy Industries America.

Monolith has been previously backed by Azimuth Capital Management, Cornell Capital LLC, Imperative Ventures and Warburg Pincus.

Monolith Materials, which was founded in 2012, developed a process technology that converts natural gas into clean hydrogen and a solid carbon material called carbon black, a critical raw material in the automotive and industrial sectors. The company is currently in the operating stage of Olive Creek 1 (OC1), its first commercial-scale emissions-free production facility designed to produce approximately 14,000 metric tons of carbon black annually along with clean hydrogen.