Omani Climate-Tech Pioneer Joins MENA’s Top 40 Sustainable Companies: What This Means for Investors and Entrepreneurs in Oman
MUSCAT: Omani engineers and scientists at 44.01, pioneers in transforming carbon dioxide into stone, have achieved significant global recognition by being named one of the Top 40 Most Sustainable Companies in the Middle East and North Africa (MENA).
This prestigious ranking, compiled by the CSO Network and Sustain Labs Paris, honours organisations that excel in reducing environmental impact while redefining the future of business in the region. Evaluation criteria covered six pillars, including clean revenue and employee well-being, measured through 17 key performance indicators addressing region-specific challenges such as water scarcity, climate resilience, and social inclusion.
For Oman, 44.01 is more than a company—it symbolizes how local innovation can address global environmental challenges. The firm’s proprietary carbon mineralisation technology captures CO₂ and permanently stores it in peridotite rock deep underground, achieving an impressive 91% carbon removal efficiency.
44.01’s pioneering work has garnered international acclaim. In 2022, the company received the Earthshot Prize and, earlier this year, won the XPRIZE Carbon Removal Award in the “Air” category, positioning it among the world’s leading climate innovators.
A key differentiator for 44.01 is its comprehensive sustainability strategy. Its operations run entirely on renewable energy sources, utilizing solar power by day and biodiesel made from recycled cooking oil by night. The company also conserves precious drinking water by using seawater and treated wastewater. Additionally, 44.01 supports Oman’s workforce transition by creating jobs for local engineers and geologists, particularly those moving away from the fossil fuel sector.
This accomplishment coincides with Oman’s broader sustainability initiatives. The Muscat Stock Exchange introduced Environmental, Social, and Governance (ESG) reporting guidelines in 2023, with mandatory disclosures commencing in 2025. Furthermore, the government launched a Sustainable Finance Framework last year to drive investments into clean energy, climate adaptation, and economic diversification.
The Top 40 list also features regional leaders such as Emirates Group, Masdar, TAQA Group, and Red Sea Global. However, 44.01’s inclusion stands out as a testament that Omani homegrown companies can compete on—and lead—the global sustainability stage.
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44.01’s breakthrough in carbon mineralization technology positions Oman as a global leader in climate innovation, offering a competitive edge in sustainability. For businesses, this signals a growing opportunity to leverage green technologies, aligned with Oman’s evolving ESG regulations and sustainable finance initiatives. Smart investors and entrepreneurs should now focus on clean tech and renewable energy sectors, capitalizing on government support and rising global demand for climate solutions.
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