Climate change project developer Sindicatum Carbon Capital to raise $100m equity

19 March 2010

Developer of climate change related projects Sindicatum Carbon Capital is looking to raise $100m to boost investments, according to reports.

Sindicatum, which is partly owned by Citigroup and industrial major Cargill, may raise $100m in equity to invest predominately in energy efficiency and waste-to-gas projects in Asia, according to Bloomberg.

The company employs about 170 people, including technical engineers, and earns UN certified emission-reduction credits to invest in climate change projects.

It has recently invested $200m in Asia and the US and it plans to invest about 75 per cent of the new funds in Asia, according to the Bloomberg report.

Copyright © 2010 NewNet

Tags: energy efficiency

This story was published on Friday, March 19th, 2010 at 2:12 pm and is filed under Asia, North America, companies, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply