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44.01
Oman · Climate tech · Industrial tech
44.01 develops carbon mineralisation technology that stores captured CO₂ permanently in underground rock formations.
Product
44.01 helps industrial operators and carbon-removal projects store captured carbon dioxide by turning it into solid rock. Its process accelerates natural reactions between carbon dioxide, water and reactive geological formations to produce stable carbonate minerals.
The Omani company is scaling projects for permanent storage near sources of captured emissions. Its work with Holcim includes a pilot at the Fujairah cement plant in the UAE, applying the process under industrial operating conditions.
Funding history
2 rounds · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Strategic investment | Undisclosed | Holcim — Participant | |
| Series A | $37M | Equinor Ventures — LeadShorooq — LeadALIAD — ParticipantAlumni Ventures — ParticipantAmazon's Climate Pledge Fund — ParticipantBreakthrough Energy Ventures — ParticipantClimate Investment — ParticipantInnovation Development Oman — ParticipantPlanet A Ventures — ParticipantSalica Oryx Fund — ParticipantSiemens Financial Services — ParticipantSumitomo Corporation — Participant |
Investors
HolcimJoined Strategic investmentEquinor VenturesLed Series AShorooqLed Series AALIADJoined Series AAlumni VenturesJoined Series AAmazon's Climate Pledge FundJoined Series ABreakthrough Energy VenturesJoined Series AClimate InvestmentJoined Series AInnovation Development OmanJoined Series APlanet A VenturesJoined Series ASalica Oryx FundJoined Series ASiemens Financial ServicesJoined Series ASumitomo CorporationJoined Series ACoverage
weeklyWeekly funding picks, November 2–8: three energy dealsNov 4, 202644.01 · Strategic investmentJul 15, 202444.01 · Series ASimilar companies
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