SK Inc., the strategic investment arm for South Korea’s third-largest conglomerate, and Monolith, a U.S.-based leader in clean hydrogen production, announced today that they have signed a memorandum of understanding (MOU) to pursue a joint venture for producing green hydrogen and eco-friendly carbon black products in South Korea.
Under the MOU signed between SK Inc. CEO Donghyun Jang and Monolith CEO Rob Hanson, the two companies intend to create a joint venture where Monolith will provide the technology and training to produce hydrogen and carbon black products in South Korea. SK Inc. will oversee the production, sales and distribution of these products in that market.
