Muscat – Founded by Talal Hasan, Oman-based 44.01, which eliminates CO2 by turning it into rock, removing it from the atmosphere safely, efficiently and permanently, was on Friday named the winner of the 2022 Earthshot Prize, in the Fix Our Climate category.
This is the latest recognition for 44.01 and its process of elimination of CO2 via peridotite mineralisation. Unlike carbon ‘storage’, which involves burying CO2 underground in disused oil wells or aquifers, mineralisation removes CO2 forever, minimising the requirement for extensive monitoring and insurance.
Founded by Prince William and The Royal Foundation in 2020, The Earthshot Prize is a global environmental prize to discover, accelerate and scale groundbreaking solutions to repair and regenerate the planet. Inspired by President John F Kennedy’s Moonshot which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale innovative solutions that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans and biodiversity thrive in harmony by 2030.
Overall, mineralisation can offer a carbon removal solution that is safe, cost-effective and permanent. 44.01 has previously received recognition and support from, among others, the Musk Foundation via XPRIZE, Shopify and Stripe.
The Earthshot Prize is judged by an international council which includes leaders from the fields of business, philanthropy, science and entertainment. The panel looks for tested, scalable solutions that can help repair the climate and prevent further harm.
The prize’s other categories are Protect and Restore Nature, Clean Our Air, Revive Our Oceans, and Build a Waste-free World.
Talal, 44.01’s founder and CEO, said, “We are delighted to have been recognised by the Earthshot Prize. Mineralisation can offer a safe, cost-effective way of eliminating CO2 forever. Our challenge is to scale our solution internationally, and the Earthshot Prize will help us to do just that.”
44.01 has already conducted successful pilots of its mineralisation process in Oman. In 2023, 44.01 will begin mineralising CO2 commercially. The company has ambitious aims to mineralise 1bn tonnes of CO2 by 2040.
As the world transitions to clean forms of energy, 44.01 is also providing new employment opportunities for engineers and geologists working in the fossil fuel industry. Given Oman has one of the largest surficial deposits of peridotite in the world, carbon mineralisation could also be a boon for workers in the region and for the energy transition.