Published by Todd Bush on May 9, 2025
Project Hajar, a joint initiative by 44.01 and Aircapture, has been named the strongest performer in the Air category of the XPRIZE Carbon Removal competition, earning a \$1 million award. The project demonstrates a rare combination of operational readiness, long-term storage integrity, and scalability—key features that many carbon removal ventures have yet to prove.
The project combines Direct Air Capture (DAC) units from U.S.-based Aircapture with 44.01’s mineralization process, which permanently stores CO₂ by converting it into rock underground in Fujairah, UAE.
This method provides one of the few carbon removal solutions capable of delivering durable storage—removing CO₂ from the atmosphere and locking it away for geological timescales. Unlike reforestation or soil carbon projects, which face risks of reversal, mineralization offers permanence by default.
>> In Other News: BKV and Copenhagen Infrastructure Partners Announce Strategic Carbon Capture Joint Venture With $500 Million Investment
Global carbon markets are shifting focus from avoidance credits to removal credits—solutions that physically extract CO₂ from the atmosphere. However, many technologies in this space are still in development or difficult to scale.
Project Hajar offers a counterpoint: a live, modular system that is already operating in the field.
The XPRIZE award validates this model as one of the few with near-term commercial viability. As businesses and governments work toward net-zero targets, solutions like Hajar’s will be essential to offset emissions from heavy industry, aviation, and sectors that cannot fully decarbonize.
44.01, which has already demonstrated mineralization in Oman and the UAE, is now preparing to scale globally. The company is also supported by ADNOC and the Fujairah Natural Resources Corporation, offering additional institutional backing.
Carbon removal is quickly becoming a high-interest category for climate-aligned investment. Major buyers—from Microsoft to Stripe—are looking for high-durability carbon removal credits, and are willing to pay premium prices for them.
Aircapture’s modular DAC systems, designed for flexible deployment and integration into industrial operations, support localized and scalable implementation. With both technical execution and commercialization in progress, Project Hajar is likely to attract attention from buyers, investors, and policymakers alike.
The XPRIZE Carbon Removal competition, funded by the Musk Foundation, challenged more than 1,300 teams to create solutions capable of removing gigatonne-scale CO₂.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💂 Eni’s Douglas Platform Sets the Offshore CCS Blueprint 🌲 Pacolet Milliken Expands Its Biomass Platform With the Acquisition of Georgia Renewable Power 🧪 Metacon Receives EU Fun...
Inside This Issue ⛽ Gevo Sells $70M in 45Z Credits to a New Kind of Buyer 🌱 South Pole, Gaïago, and Gold Standard Issue European Soil Carbon Credits, Unlocking Verified Regenerative Agriculture Re...
Inside This Issue ✅ Verra's CCS Credits Just Got the Integrity Seal Buyers Want 💰 South Korea Unveils $747 Billion Energy Transition Plan Through 2035 💧 Hydrogen and Carbon Capture and Storage in ...
FuelCell Energy Appoints John Dansby to Lead Manufacturing Scale-Up
Accomplished global manufacturing executive will lead the expansion of FuelCell Energy’s manufacturing operations and build the systems required to support future growth. DANBURY, Conn., Oct. 12, ...
New tools will help regulators evaluate proposed research activities on ocean fertilization, ocean alkalinity enhancement and ocean sinking of biomass. The International Maritime Organization has ...
Metacon Receives EU Funding for Project Targeting High-Purity Green Hydrogen Production from Biogas
Metacon’s fully owned Greek subsidiary Metacon SA has received EU funding for its participation in the PUREHY2+ project. The project targets an integrated system solution that can enable biogas pro...
Pacolet Milliken Expands Its Biomass Platform with the Acquisition of Georgia Renewable Power
Pacolet Milliken LLC, a sustainability-focused, family-owned investment firm, announced today it has acquired 100% of Georgia Renewable Power ("GRP"), which owns two biomass power plants in northea...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.