A high-tech energy company officially opens its Nebraska research and development arm promising to invest millions in the state.
Monolith CEO Rob Hanson says the company has great plans for its Nebraska facilities.
“Which is to really build a world-scale company,” Hanson tells those gathered at the Monolith Technology Center in Lincoln. “We’re going to be investing around $100 million into the state between 2016 and 2020 and creating 100 jobs.”
Monolith manufactures natural gas-based carbon black and hydrogen. Carbon black is used by the tire, rubber, and plastics industries. A co-product can be used for power generation.
Monolith has moved its headquarters from San Francisco to Lincoln with a manufacturing hub near Hallam.
The technology center will be an advanced research and development center, according to Hanson, tailoring products for customers with specific demands.
The Monolith ribbon-cutting was part of a tour by Gov. Pete Ricketts of Nebraska companies which led to Nebraska receiving its second Governor’s Cup from Site Selection magazine for having the most economic development projects per capita in the nation.
Ricketts praises the decision for Monolith to move from California to Nebraska.
“This is why we want to seek this type of investment; to be a state where companies like Monolith want to invest so that our young people can find those career opportunities here in our state and that we can grow our state,” Ricketts tells the group.