TLDR:
- London-based climate tech company 44.01 secured €33.9 million in Series A funding to eliminate CO2 by turning it into rock.
- Equinor Ventures led the funding round, with significant participation from Shorooq Partners and other investors.
London-based climate tech company 44.01 recently announced the successful completion of a €33.9 million Series A funding round, led by Equinor Ventures. The company, which aims to eliminate CO2 by turning it into rock using mineralisation, also saw significant participation from Shorooq Partners in the UAE, as well as other investors such as Air Liquide Venture Capital, Alumni Ventures, and Amazon’s Climate Pledge Fund, among others. 44.01’s technology accelerates the natural process of CO2 mineralisation to remove captured CO2 permanently in less than twelve months, and has already completed successful pilot projects in Oman and the UAE.
CEO Talal Hasan expressed gratitude to investors for supporting the company’s mission and technology, which is considered safe, scalable, and lasting. The funding will allow 44.01 to further refine its technology, develop commercial-scale projects, and expand its deployment internationally. Investors like Shorooq Partners and Climate Investment believe in the potential of 44.01’s technology to contribute to efficient industrial decarbonisation worldwide, and have expressed excitement about supporting the company’s innovative approach to tackling climate change.
