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44.01
CO2 elimination solution
- 21-100 employees
- B2B
- Sustainability
- Environmental
- City of London, London, UK
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Company mission
To offer safe and affordable CO2 mineralisation worldwide to fight climate change.
Our take
Whilst CO2 is an integral greenhouse gas for the heat in our atmosphere it’s no secret that human activities have increased its emission to an alarming level. 44.01 is a carbon dioxide elimination solution providing a safe, cost-effective way of eliminating CO2 from the atmosphere.
44.01 is doing this through accelerating the peridotite mineralisation process (where CO2 dissolved in rainwater reacts with peridotite). In nature it can take decades to mineralise a small amount of CO2, yet 44.01 has found a way to potentially mineralise billions of tons a year.
Initial pilots have proven the process to be safe, and as the company scales operations the safety and environment will remain top priorities. It's also shown to be cost effective, with 44.01 creating a carbon credit to be sold in the open market for every ton of CO2 mineralised. Crucially, carbon credits for mineralised CO2 are more valuable than carbon ‘storage’ which never truly removes the CO2 and requires lifetime monitoring and insurance. The concept is revolutionary and could have a huge impact on the climate change crisis.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- An opportunity to make a difference and join a high-potential start-up
- A chance to be at the forefront of the fight against climate change
- An opportunity to have a stake in the business
- To be part of a team to invest in your career growth
Company values
- Restore our Earth - We are driven by a passion and purpose to restore the balance that has been lost and to bring back a sense of equilibrium to our planet
- Do the Right Thing - Legally, morally, and ethically we make wise decisions based on these founding principles
- Challenge the Status Quo - To solve the crisis of our generation, we take bold action and build cutting-edge technology
Funding (last 2 of 3 rounds)
Jul 2024
$37m
SERIES A
Dec 2022
$1.3m
GRANT
Total funding: $43.3m
Leadership
Ehab Tasfai
(CTO)Previously Regional Manager, GCC & India at Voltea, Head of Project Delivery at Aphcarios Engineering Solutions and Plant Maintenance Engineer at National Aluminium Products Co. S.A.O.G. (NAPCO).
Karan Khimji
(CCO)Worked as a Board Observer for Wakud and moved through several roles during time at EY, most recently as Manager - EMEIA Power & Utilities M&A and Strategic Advisory.
Talal Hasan
(Carbon General)Co-Founder & Board Member at Wakud. Also founder Bikum Discount and Talmuk. More recently sat on the Board of Directors for Voltea.