Oman-founded carbon mineralisation company permanently sequestering CO₂ by injecting it into peridotite rock; 2022 Earthshot Prize winner and XPRIZE Carbon Removal finalist.
Green Score
- Greenwashing risk
- medium
- Data confidence
- medium
- Method
- how it is calculated
Climate Impact & Solution35%72
Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.
The core technology — permanently converting atmospheric or industrial CO₂ into carbonate minerals in peridotite rock within 12 months — is a genuine and scientifically grounded carbon dioxide removal approach, distinct from reversible geological storage, but current verified sequestration volumes remain at pilot scale (hundreds to low thousands of tonnes) with no published independent MRV data confirming net removal at commercial scale.
Decarbonization & Targets20%28
Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.
44.01 has stated a high-level aspiration to mineralise 1 billion tonnes of CO₂ by 2040, but no SBTi-validated near-term targets, CDP disclosure, independently verified net-zero pathway, or published interim milestones with progress tracking were found in publicly available sources — the target is marketing-grade, not investor-grade.
ESG & Operations15%55
Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.
The company is small, early-stage, and operationally low-footprint relative to its sector; it explicitly plans to use Oman's solar and wind resources to power operations and frames job creation for fossil-fuel-sector workers as a social co-benefit, but no independently verified ESG report, labour practices disclosure, or supply-chain audit has been published.
Transparency & Verification15%38
Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.
44.01 publishes project announcements, investor updates, and high-level milestone timelines, but there is no publicly available independent third-party verification of tonnes sequestered, no CDP disclosure, no audited emissions inventory, and no published MRV methodology — disclosure quality is press-release-level for a company whose entire value proposition depends on verifiable removal claims.
Integrity15%82
Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.
No material controversies, litigation, greenwashing investigations, fossil-fuel lobbying links, or governance scandals were identified in public sources; the company's investors include credible sovereign and climate-specialist funds, and XPRIZE's independent scientific evaluation found no disqualifying concerns, though the ADNOC partnership (UAE state oil company) warrants monitoring for future conflicts of interest.
Why it's on ClimateTicker
44.01 is a genuinely novel deep-removal company whose core technology — accelerating CO₂ mineralisation in peridotite rock to produce permanent, solid-mineral sequestration in under 12 months — addresses a real and hard-to-fake climate need. The underlying science is credible and backed by Columbia University researchers, Earthshot Prize judges, and XPRIZE evaluators, but the company remains pre-commercial at pilot scale with no independent third-party MRV of tonnes actually sequestered published to date. Investors should treat the technology thesis as sound but the impact claims as unverified at any material scale.
Commitments & Certifications
Controversy & Greenwashing Watch
44.01's scale-up partnership with ADNOC (Abu Dhabi National Oil Company) to deploy mineralisation in the UAE could create reputational and mission-integrity tension, as ADNOC is one of the world's largest oil producers and may use carbon removal to justify continued fossil fuel extraction.tracxn.com
The company publicly targets 1 billion tonnes of CO₂ by 2040 while current demonstrated capacity is in the hundreds-of-tonnes range, creating a credibility gap that is unmitigated by any published independent MRV or verified progress milestones.earthshotprize.org
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