4

44.01

www.4401.earth link_icon

Company Research Report: 44.01



Company Overview



  • Name: 44.01

  • Mission: To eliminate CO₂ in a safe, scalable, and permanent manner by enhancing and accelerating the natural mineralisation process of CO₂ with reactive rocks like peridotites.

  • Founded: June 2020

  • Founders: Not specifically mentioned, founded by a team led by Talal Hasan.

  • Key People:

  • Talal Hasan - Founder and CEO

  • Karan Khimji - Chief Commercial Officer

  • Ehab Tasfai - Chief Technology Officer

  • Juerg Matter - Head of Research and Development

  • Elham Kolahchian - MMRV Lead

  • Abdullah Al Wazeer - Injection Systems Lead

  • Umniya Al Sibani - Head of People

  • Charlie Booth - Head of External Relations

  • James Woolner - Head of Business Development

  • Tariq Mohammed - Head of Operations

  • Joey Irwin - Chief of Staff

  • Faheem Khan - Head of Project Development

  • Naushad Saleem - HSE Lead

  • Headquarters: Muscat, Oman

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: Innovative technology accelerating natural CO₂ mineralisation using geothermal technologies, contributing to the energy transition.


Products



Mineralisation Technology



  • Description: 44.01 enhances and accelerates the natural process of mineralisation to remove carbon dioxide at scale in less than 12 months.

  • Key Features:

  • Safe: No adverse environmental impact.

  • Fast: Mineralisation occurs within a year.

  • Permanent: Once mineralised, CO₂ cannot be released.

  • Scalable: Potential for trillions of tonnes, with widespread applicability.

  • Affordable: Limited costs post-mineralisation, reducing cost per CO₂ tonne.


Recent Developments



  • New Products Launched: No specific new products mentioned, but expansion into new regions with pilot projects noted.

  • Recent Features Added: No specific new features of existing products mentioned.

  • Partnerships and Collaborations:

  • Collaboration with ADNOC to scale up carbon mineralisation in the UAE.

  • Partnership with AirCapture for DAC + Mineralization project in Oman.

  • Agreement with Oman’s Ministry of Energy and Minerals for a new carbon removal project.

  • Awards and Recognitions:

  • 2022 Earthshot Prize: Winner in the 'Fix Our Climate' category.

  • XPRIZE Milestone Award: Received in May 2022.

  • XPRIZE Carbon Removal Top 20 Finalists: Selected along with AirCapture.

  • Technology Development and Expansion:

  • Series A investment round of $37 million for technology development and international expansion.

  • Expansion into UAE with the Fujairah pilot project and the commencement of mineralisation injection projects.


Conclusion



Overall, 44.01 has demonstrated significant progress in scaling its carbon mineralisation technology. Through strategic partnerships, secured investments, and recognition in esteemed awards, 44.01 is positioned as a leader in leveraging geology and technology to address climate change effectively.