ESGL (US:ESGL) Globenewswire·2026-01-16 14:00Core Insights - The Joint Development Program (JDP) between Environmental Solutions (Asia) Pte Ltd (ESA) and De Tomaso Automobili aims to research and develop sustainable advanced automotive materials using carbon nanotubes (CNTs) [1][2][4] Strategic Business Momentum - The collaboration signifies a strategic alignment between ESGL and De Tomaso in the field of advanced materials innovation, integrating circular economy solutions with luxury automotive performance [2][3] - The JDP serves as a technical collaboration platform while remaining operationally independent of any merger or acquisition [3] Focus on Sustainable Materials - The initiative builds on ESA's previous achievements, including the production of circular multi-walled carbon nanotubes (MWCNTs) from plastic waste, and follows a memorandum of understanding for a carbon-neutral luxury race circuit in Bintan, Indonesia [4] - The program aims to incorporate sustainable nanomaterials into high-performance composites for ultra-luxury vehicles, focusing on superior strength-to-weight ratios, enhanced conductivity, improved durability, and recyclability [5] Reference Platform - The De Tomaso P72 hypercar, featuring an advanced carbon monocoque chassis, serves as a reference platform for evaluating future CNT-enhanced material innovations [7] Executive Commentary - ESA's Executive Director highlighted that the JDP advances their circular CNT expertise into practical applications for ultra-luxury automotive, aiming to create durable value in sustainable high-performance materials [8] - The Chairman of De Tomaso emphasized that the partnership supports their vision for luxury mobility that combines exceptional performance with environmental responsibility [8] Program Status - The JDP is exploratory and subject to the completion of definitive agreements, with no binding financial or commercial commitments until such agreements are executed [9][10]