Monolith Materials (formerly known as First Green), is a next-generation, carbon black manufacturing company which uses a proprietary process to convert natural gas to carbon black in a cost competitive and environmentally advantaged manner. Founded in 2012, Monolith Materials set out to find new ways to use abundant natural gas resources in the American chemical manufacturing industry. Monolith produces high quality carbon black for worldwide consumption, while reducing emissions and improving sustainability, leading the American manufacturing resurgence. Monolith’s process also produces hydrogen tail-gas, a valuable co-product that can be sold into the power generation or industrial gas markets. Warburg Pincus initially invested in First Green in 2011.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $54 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $83 billion in over 895 companies in more than 40 countries.