Omani climatetech company 44.01 secures strategic investment from Holcim to support commercial scaling and international expansion of its carbon mineralisation technology.
Amount Raised
ر.ع.4,400
Round Type
Corporate Round
Investors
Description
44.01, an Omani climatetech company founded in 2020, has secured a strategic investment from Swiss building materials company Holcim through its corporate venture capital activities. The investment will support 44.01's commercial scaling and international expansion, building on an existing partnership between the two companies. Since July, the companies have been running a pilot project at Holcim's Fujairah cement plant in the UAE, where captured CO₂ is being stored underground and mineralised into solid rock. Other investors in 44.01 include JERA, Breakthrough Energy Ventures, Equinor Ventures, Air Liquide Venture Capital and Siemens Financial Services.
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