Revolutionary Technology Unlocks Clean Hydrogen and Petroleum-Free Asphalt
In a groundbreaking innovation, companies like Monolith and Modern Hydrogen are harnessing cutting-edge tech to produce clean hydrogen while generating a valuable byproduct: solid carbon. This carbon can be utilized to create eco-friendly asphalt materials, free from petroleum.
Modern Hydrogen’s pioneering approach involves splitting natural gas into clean hydrogen and solid carbon, eliminating the need for renewable power. Their system, resembling a large box, is installed where natural gas is typically used. The process separates the gas into solid carbon and emission-free hydrogen fuel, which powers the system and is used by clients.
The leftover carbon is sold to asphalt manufacturers, who benefit from its strength, cost-effectiveness, and environmental benefits. Traditional asphalt combines gravel and petroleum, but incorporating carbon creates a superior product.
“This $100 billion market is eager to adopt dissolved carbon for asphalt production, significantly enhancing the economics of decarbonization,” explains Tony Pan, CEO of Modern Hydrogen.
Industrial clients, driven by investor and regulatory pressures, can decarbonize more affordably with this technology. “We’re seeking the most cost-effective, low-risk approach to decarbonization. This innovation offers a medium to low expense solution,” notes Chris Kroeker, business development segment manager at NW Natural.
Backed by prominent investors, including Gates Frontier and NextEra Energy, Modern Hydrogen has secured $100 million in funding. With systems operational in the US and Canada, their eco-friendly asphalt is already filling potholes in six states and Canada. Expansion plans include Japan and global markets.
As the company tests its technology in colder climates, such as Long Island, New York, it’s poised to tap into a broader client base. New York alone produces nearly 19 million tons of asphalt annually, offering immense growth potential.
Leave a Reply