DOE’s First $1B Loan Guarantee in Years Seeks to Bolster Turquoise Hydrogen Process:
The Department of Energy’s (DOE’s) offered to finance the expansion of a pioneering commercial-scale “turquoise hydrogen” and carbon black production facility in Nebraska. The agency offered a commitment of up to $1.04 billion under the Innovative Energy Loan Guarantee program to Monolith, to expand its Olive Creek facility in Hallam, Nebraska, and boost its production capacity to 194,000 metric tons per year. Engineering, construction, and procurement (EPC) giant Kiewit is slated to spearhead construction of the project.
McCoy Biomass Project ID: 75726
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