Omani climate tech company 44.01 expands into industrial carbon storage and European markets

By the Editorial Team · Wednesday, October 7, 2026

Omani company 44.01 is scaling up its carbon dioxide mineralization technology by expanding industrial storage projects and entering markets in Europe, including Norway and the Faroe Islands. This expansion not only demonstrates the commercial viability of permanent CO2 storage but also positions 44.01 to capitalize on growing demand for low-carbon industrial products and carbon credit markets.

Omani climate technology company 44.01 is expanding its industrial carbon storage operations and entering European markets as it seeks to broaden the application of its carbon dioxide mineralization technology. The company’s co-founders outlined these developments during a recent presentation at the EO Forum on The Energy Transition.

Founded in Oman, 44.01 has pioneered a process that accelerates the natural mineralization of carbon dioxide by injecting a mixture of CO2 and water into suitable underground rock formations, where it reacts with minerals and becomes permanently stored as solid rock. This technology leverages Oman’s unique geology, particularly its Samayil Ophiolite formation, which contains reactive ultramafic rocks capable of absorbing carbon dioxide.

Talal Hasan, Founder and CEO, said Oman remains the company’s primary operational hub, employing about 35 of its 65 staff across five countries. “Oman is actually one of the best places to build a deep tech company,” Hasan remarked, indicating the company’s ambition to replicate its success beyond national borders.

Currently, 44.01 has established pilot projects in Oman and the United Arab Emirates (UAE) and is underway with new commercial ventures in Norway and the Faroe Islands. A notable project in the UAE involves collaboration with a cement plant owned by Holcim in Fujairah, where carbon dioxide is captured from the plant’s flue gas, liquefied, transported by truck, and injected underground for mineral storage. About 60 tonnes of CO2 had already been injected at the facility, demonstrating a full industrial decarbonization chain encompassing capture, transport, and permanent storage.

The company’s first paying customer was ADNOC, which participated in a demonstration project in Fujairah ahead of COP28. The project injected approximately 10 tonnes of carbon dioxide over four weeks and was completed within nine months, providing a proof of concept outside Oman.

44.01 currently holds around 25 granted patents with an additional 40 patent applications pending, alongside licensing technology from other entities. Its investor portfolio includes Breakthrough Energy, Apollo, and Equinor, with strategic backers such as Air Liquide and Sumitomo. Despite these partnerships, Hasan noted the ongoing need for investment to support the company’s scaling efforts.

The founders highlighted the commercial benefits of carbon mineralization beyond emissions reduction. Hasan cited an example of an Omani producer whose decarbonized product—carbon dioxide mineralized by 44.01—secured higher market prices, reportedly offering a 30 to 40 percent premium. This suggests growing market demand for industrial products with reduced carbon footprints.

In addition to industrial storage services, 44.01 is developing carbon credit projects in Fujairah to diversify revenue streams, further integrating the company into global carbon markets. With these initiatives, 44.01 aims to export its Omani-developed technology internationally, contributing to industrial decarbonization efforts worldwide.

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