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Istithmar World signs MoU with Sindicatum Carbon
6 December 2007
DUBAI — Istithmar World Ventures LLC has signed a Memorandum of Understanding with Sindicatum Carbon Capital Holdings Limited (SCC), a developer of Greenhouse Gas (GHG) abatement projects globally.
Istithmar World Ventures has committed $150,000,000 to the Istithmar and Sindicatum Climate Change Partnership, L.P, (ISCCP) a co-investment vehicle established by Istithmar World Ventures and SCC. This commitment provides SCC and ISCCP with a strong anchor and capital base to enhance climate change mitigation projects worldwide via the implementation of best of class technology wherever pollution from greenhouse gases can be abated.
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