Monolith looked at a few areas in both the U.S. and Canada before landing in Nebraska.
"The key needs are a reliable and cost-effective source of natural gas and electricity to run our process and a strong partner to utilize the hydrogen stream from our process," Reese said.
Production is set to launch at the end of 2018 in Hallam, bringing 600 new jobs to the area. Commercial activities will begin in 2019.
Monolith found Nebraska Public Power to be a leader in reliability of service, diversity and cost of electricity, he added.
"Nebraska's location in the center of the U.S. puts it on many of the main natural gas pipelines, facilitating a reliable and cost-effective source of natural gas for our process," Reese said.
The Nebraska Public Power District will be able to utilize the firm's hydrogen stream to displace coal as a fuel source for one of the boilers at the Sheldon Station power plant.
This shift from a coal source to a hydrogen source will reduce CO2 emissions by 1 million metric tons a year at the Sheldon Station facility.
"From a customer standpoint, Monolith's use of a natural gas feedstock versus a fuel oil provides the opportunity to make a much purer carbon black particle," Reese said. "We are anxious to find the new opportunities our unique carbon black particles will provide for our customers."