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ESGL Holdings' Environmental Solutions Signs A Non-Binding MOU With De Tomaso Automobili Holdings And PT Buana Megawisatama To Explore Developing A Carbon-Neutral Luxury Race Circuit In Bintan, Indonesia

Benzinga·11/26/2025 13:03:30
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ESGL Holdings Limited (NASDAQ:ESGL) ("ESGL"), through its wholly owned subsidiary Environmental Solutions (Asia) Pte Ltd ("ESA"), today announced the signing of a non-binding Memorandum of Understanding ("MOU") with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama ("PBM") to jointly explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia.

The concept of the MOU seeks to integrate:

  • ESA's circular and low-carbon technologies,
  • De Tomaso's heritage luxury automotive design, and
  • PBM's strategic land position and development expertise within Bintan Resorts,



     

potentially positioning Bintan as a future hub for sustainable mobility and high-end automotive experiences.

This MOU is strictly exploratory and non-binding, and no party is obligated to proceed unless formal, definitive agreements are executed.

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A Strategic Collaboration at the Intersection of Sustainability, Luxury Automotive, and Regional Infrastructure Development

Under the MOU, the Parties intend to examine:

  • Sustainable construction materials and circular manufacturing technologies
  • Conceptual motorsport and experiential automotive design
  • Commercial, environmental, and regulatory feasibility
  • Land and infrastructure considerations within Bintan Resorts
  • High-level, non-binding partnership and development frameworks