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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESGL Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9592730-en) on November 26, 2025, and is solely responsible for the information contained therein.
Comments