ESGL Holdings Signs MOU to Explore Carbon-Neutral Luxury Race Circuit in Bintan
Reuters
Nov 26
ESGL Holdings Signs MOU to Explore Carbon-Neutral Luxury Race Circuit in Bintan
ESGL Holdings Limited $(ESGL)$, through its subsidiary Environmental Solutions (Asia) Pte Ltd, has signed a non-binding Memorandum of Understanding with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama to explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia. The initiative aims to integrate circular and low-carbon technologies, luxury automotive design, and land development expertise. The parties will assess sustainable construction materials, circular manufacturing technologies, motorsport and automotive design concepts, as well as commercial, environmental, and regulatory factors. The MOU is exploratory and non-binding, and no party is obligated to proceed without a formal agreement.
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