Permanent carbon storage through mineralization
44.01 is developing a groundbreaking solution for permanent storage of CO₂ in ultramafic rocks. The technology enables a safe, natural, and scalable form of carbon removal, which can play a key role in the global effort to reduce greenhouse gas emissions.
The company’s method involves injecting CO₂-enriched water into deep rock formations, where the carbon is mineralized and permanently stored. This technology addresses a critical bottleneck in carbon management and has already been demonstrated in successful pilot projects in the Middle East.
Norway has strategic advantages
With extensive experience in carbon storage from the oil and gas sector and geological conditions well-suited for CO₂ mineralization, Norway has a unique starting point to contribute to the growth of 44.01’s technology. The investment aligns with Norway’s climate goals and strengthens Nysnø’s portfolio of companies accelerating the energy transition.
Supported by strong investors
44.01 is backed by a strong investor consortium, including Equinor Ventures, Amazon, Sumitomo, Siemens, Air Liquide, Apollo Projects, and Breakthrough Energy Ventures.