Lincoln based company bringing hundreds of job opportunities to the area

Monolith receives $1 billion loan from the Department of Energy to expand services

LINCOLN, Neb. (KLKN)- The over one billion dollar expansion won’t just benefit the company Monolith, but all of those who live in the Hallam Village, as roads will be paved, and more jobs will help economic growth in the area.

Monolith produces carbon black, and clean hydrogen.  The expansion will allow them to produce more ammonia, which will be used in fertilizer for farmers, taking away some worry of it having to be shipped overseas.

“There is a very tight supply chain for both of these essential products (ammonia and carbon black) are very real right now. We are actually at a time when we are seeing an all-time high from a price perspective for both products so securing that supply chain right here in Nebraska is really important for our farmers,” said Amy Ostermeyer Executive Vice President of Development at Monolith.

Monolith is currently the largest producer of clean hydrogen and operates the largest facility of its kind in the world.  The expansion will begin in mid-2022, bringing hundreds of jobs to the area.

“The company will gain over 260 positions, those are direct jobs. That of course doesn’t include all of the indirect jobs that are created through an expansion like this. We expect over 500 indirect jobs, over 800 construction jobs will be created through this effort. So, it’s a very significant economic development job for the state of Nebraska,” said Ostermeyer.

With so many companies looking for workers, Monolith executives feel they offer competitive jobs.

“Very high paid advanced manufacturing jobs in the clean energy space. We are very proud of not only the jobs that they are, but they are here to stay and they help families build great lives around them as well,” said Ostermeyer.

The new facility will not only bring economic benefits but environmental benefits as well.

“The expansion site will be the equivalent of reducing CO2 emissions by about one million tons a year. Just to kind of compare and help people size that, that’s about the equivalent of converting 400,000 vehicles to electric vehicles,” said Ostermeyer.

The project is set to be completed by 2025.