44.01 was backed by Sam Altman’s Apollo Projects and other leading investment companies. (Photo: 44.01)
Carbon capture technology is advancing rapidly and continues to attract significant investment from venture capital firms. Oman-based startup 44.01, which is developing a method to inject carbon dioxide into rocks, announced on July 15 that it has completed a Series A funding round of $37 million, drawing investments from major venture capital firms such as Microsoft and Amazon subsidiaries. Prior to this, Sam Altman, CEO of OpenAI, supported the project through his Apollo Projects initiative.
44.01’s solution speeds up sequestering CO2 underground
According to its official website, 44.01, established in 2020, takes its name from the molecular mass of carbon dioxide and primarily captures atmospheric CO2 dissolved in seawater or wastewater, injecting it into fissures in olivine up to 1 kilometer deep, and then sealing the CO2 underground through accelerated mineralization processes.
