44.01 is a climate technology company that develops and deploys technology for the permanent removal of carbon dioxide through accelerated in-situ mineralization.
The company's core technology involves injecting captured CO₂, dissolved in water, into naturally reactive ultramafic rock formations such as peridotite. This accelerates the natural process where the CO₂ reacts with magnesium-rich minerals to form stable carbonate minerals, effectively converting the gas into solid rock for geological timescales of storage.
Founded in 2020 in Muscat, Oman, 44.01 is headquartered in London, United Kingdom, with active operations and pilot projects in Oman and the United Arab Emirates. It has demonstrated its technology through multiple field trials and is expanding internationally, including projects in Europe.
The company partners with industrial emitters, such as cement producers, to provide on-site or near-site carbon capture and storage solutions. A notable collaboration is with Holcim at its Fujairah cement plant in the UAE, where CO₂ from flue gas is captured and mineralized underground.
44.01 is privately held and venture-backed by investors including Breakthrough Energy Ventures, Equinor Ventures, Air Liquide Venture Capital, Siemens Financial Services, and Holcim. It positions itself as an innovator in scalable, permanent, and low-monitoring carbon removal, targeting significant contributions to global net-zero goals.
None yet. When a new project in the record names 44.01 as owner, partner or investor, it shows here.
Investment supports scaling of technology that injects captured CO2 into ultramafic rock to mineralize it as stable carbonate near industrial sites.
