Capturing a Fast-Growing
CO2 Value Stream
Who We Are
What We Bring
Decarbonizing Industry Through Carbon Capture & Storage (CCS)
Vault 44.01 is a highly experienced CCS project development team with unmatched expertise in non-EOR storage of CO2. Our goal is to enable cost-effective, wholesale decarbonization of industrial emitters across North America through CCS.
CCS is a proven, highly scalable decarbonization technology that provides a path to deep emissions reductions from large, stationary industrial emitters. CCS on high purity sources is commercially viable today, and is rapidly emerging on both lower purity sources and with Direct Air Capture.
Our Team’s Experience Spans the Full Scope of CCS Projects
- Project development & execution
- Site characterization & land acquisition
- Risk management & regulatory/permitting
- Operations & monitoring
Differentiated Team with Real-World CCS Experience
In partnership with emitters, we offer end-to-end CCS project implementation and operations, by leveraging:
Deep Domain Expertise:
- Differentiated subsurface expertise, and experience in multiple world-class CCS projects representing >18mm Tonnes/yr of CO2 emissions.
- Major capital project execution experience, with multiple team members having managed budgets of >$250mm/yr.
- Proven ability to raise capital – team has secured >US$1Bn of debt and equity funding in prior ventures.
Turnkey Business Model:
- Project scope from compression through transportation to storage.
- Project life cycle from site selection through characterization, permitting and construction to operations and ultimately post-injection site care.
- Fit for purpose commercial mindset, with effective risk management throughout the project life cycle.
- Capacity to own & operate assets.
- Capacity to self-fund / partner in capital investment.
Leadership | Engineering
20+ years in senior leadership and subsurface engineering, with 6+ years of direct CCS experience. Led CCS teams for 4 major CCS projects in USA and Canada, and managed capital programs up to $500mm/yr. Participated in raising >$1bn of equity and debt capital.
B.S. and M.M.E. in Mechanical Engineering from Rice University, registered Professional Engineer in US and Canada.
Finance | Risk Management
12+ years of energy industry experience in strategic planning, budgeting, risk management, capital markets, mergers and acquisitions and investor relations. Participated in raising >$1bn of equity and debt capital.
B. Comm (Finance) from McMaster University, and CFA Charterholder.
Hugh Caperton II
Business Development | Land
15 years experience in oil & gas operations, business development and leadership. Significant experience in land management, permitting and government relations. Managed capital budgets in excess of $250mm and participated in raising over $650mm in equity and debt.
B.S. in Finance from Virginia Polytechnic Institute & State University.
35+ years industry experience including 10+ years as leader of Schlumberger Carbon Services. Extensive experience in all aspects of CO2 storage project development and deep relationships across industry and research organizations across the USA.
B.S. in Physics from Bethel College-North Newton, and B.S. in Mechanical Engineering from Kansas State University.
10 years experience in administration with 6+ years in oil & gas specializing in executive-level support, client relations, and information technology services.
20 years of geotechnical and technical leadership experience across the Western Canadian Sedimentary basin including growing multiple companies from startup to highly successful exits.
B.Sc. in Earth and Ocean Sciences from the University of Victoria, registered Professional Geologist in Canada. Director of Source Rock Royalties.
35 years of geotechnical and technical leadership experience throughout the Appalachian basin including extensive work in both exploration and development, and UIC Class II injection projects.
B.S. in Geology from Ohio Wesleyan University
Geology | Regulatory
20+ years of technical leadership and project management experience, including 10+ years in CCS-related geological modelling and regulatory approvals.
Served as a geologist and team leader on >20 CCS projects in the United States, Canada, and Australia; most recently, responsible for all subsurface components of eight CCS projects in North America. Led several technical teams, working on projects in various phases, from concept development, through advanced reservoir characterization, and permitting through both the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB). Authored and submitted an EPA Class VI Permit application.
B.Sc. in Geology from the University of Saskatchewan. Registered Professional Geologist in Canada.
Senior Technical Advisor
35 years of engineering and leadership experience in CCS and oil & gas. Deep experience in project development and management, technology and business development, and both subsurface engineering and facility design. Experience with carbon capture technology and CO2 enhanced oil recovery screening, design and operations.
B.S. in Petroleum Engineering from New Mexico Tech and M.S. in Petroleum Engineering from the University of Oklahoma.
Geophysics| Monitoring | Regulatory
15 years technical experience with 10 years experience in CCS focused on geophysics, monitoring and regulatory approvals. Significant contributor to the monitoring programs for the ADM Industrial CCS project in Illinois, and the Boundary Dam/ Aquistore and Shell Quest projects in Canada; Recognized industry expert in monitoring of CO2 storage projects. Experience with UIC Class VI permits.
B.S. in Geological Engineering from the University of Waterloo and M.S. in Geophysics from the University of Calgary.
12 years technical experience with 5+ years experience in CCS focused on reservoir engineering for site selection, site characterization and operations across USA and Canada.
B.S. and M.S. in Petroleum Engineering
Engineering | Project Management
8+ years of diverse energy industry experience, including asset development, operations and investment appraisal across several organizations in Western Canada.
Most recently, led an asset development team at an upstream oil & gas producer in Western Canada. Prior roles include corporate planning/ budgeting, advanced reservoir analytics and a plant engineering position at a large gas processing and cogeneration facility.
B.Eng. in Mechanical Engineering from the University of Victoria, and MBA from the University of Calgary, focused on energy transition and finance. Registered Professional Engineer in Canada.
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