Monolith signs LOI for supply of carbon black to Goodyear Tire & Rubber
Monolith has inked a collaboration agreement and letter of intent (LOI) with The Goodyear Tire & Rubber Company on the development and possible use of clean carbon black produced at the former’s Olive Creek facility in Hallam, Nebraska for the latter’s tire manufacturing.
The chemical and energy company anticipates starting construction on its expanded Olive Creek facility next year, with completion slated for 2025.
Chris Helsel — Goodyear Tire & Rubber senior vice president, global operations and chief technology officer said: “At Goodyear, we’re committed to sustainability and making a positive impact by our choice of the materials we use.
“Our collaboration with Monolith is one example of how we are using sustainable materials in quality products that deliver a better future.”
Monolith signs LOI for supply of carbon black to Goodyear Tire & Rubber from Olive Creek facility. Photo courtesy of Monolith.
Upon completion, Monolith’s Olive Creek plant will be producing 194,000 tonnes per year of cleanly made carbon black plus 275,000 tonnes of clean ammonia.
After full commissioning, the facility is expected to become the largest manufacturer of carbon black in the US and the first to have been constructed in the country in more than 50 years.
Rob Hanson — co-founder and CEO of Monolith said: “We’re thrilled to enter into a productive collaboration with a highly-respected company like Goodyear that shares our commitment to sustainability.
“Monolith’s carbon black enables manufacturers like Goodyear to meet their sustainability goals and address customer demands for environmentally-responsible products.”