Monolith Receives Conditional Approval for a One Billion-Dollar U.S. Department of Energy Loan

URLhttps://finance.yahoo.com/news/monolith-receives-c
Sourcehttps://finance.yahoo.comv
Date Published12/23/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Monolith
Parent companyMonolith
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1000
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Domestically, the work will be done:In-house
City reshored to:Hallam
State(s) reshored to:NE
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredclean hydrogen, clean materials
What domestic positive factors made reshoring more attractive?Government Incentives, U.S. Department of Energy
Government Incentive dollar amount:$1.04 billion
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