How one startup is making cleaner asphalt by decarbonizing natural gas [CNBC]
Northwest Natural Holding Company (NWN)
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Source: CNBC
Using carbon, instead of the usual petroleum, makes the asphalt stronger, cheaper and greener. “There is this $100 billion per year market that wants to buy dissolved carbon and put it into asphalt, and that just helps the whole economics of this decarbonization play,” said Tony Pan, CEO of Modern Hydrogen. Companies like Monolith and Seattle-based startup Modern Hydrogen are using new technologies to create a cleaner hydrogen that's also creating a useful byproduct — solid carbon that can be used to make petroleum-free asphalt. “Modern Hydrogen produces clean hydrogen without renewable power. We can do this because we split apart natural gas into clean hydrogen and solid carbon,” said Tony Pan, CEO of Modern Hydrogen. Natural gas is a cleaner fuel than oil, but it still emits harmful carbon dioxide when burned. Clients put the Modern Hydrogen system, which looks like a large box, where they would normally use their natural gas. The system first separates the gas into solid
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- 11/22/24 - Form 4
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