Core Insights - ESGL Holdings Limited has signed a non-binding Memorandum of Understanding (MOU) 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 [1][2] - The initiative aims to position Bintan as a hub for sustainable mobility and high-end automotive experiences, aligning with ESGL's mission to advance circular economy solutions [3][4] Company Overview - ESGL Holdings Limited is a Singapore-based innovator focused on reducing carbon emissions across various industries in Asia, operating through its subsidiary Environmental Solutions (Asia) Pte. Ltd [5] - De Tomaso Automobili Holdings Limited is known for its luxury automotive heritage, emphasizing craftsmanship and performance vehicles, and is exploring this collaboration in line with its long-term vision [9][10] - PT Buana Megawisatama is a strategic landowner in Bintan Resorts, playing a crucial role in the region's development and tourism infrastructure [11] Strategic Collaboration Details - The MOU will examine sustainable construction materials, circular manufacturing technologies, and the feasibility of land and infrastructure within Bintan Resorts [7] - The collaboration seeks to integrate low-carbon technologies into next-generation experiential mobility, enhancing the automotive destination concept [4][6] Executive Commentary - Executives from the involved parties expressed optimism about the potential impact of the project on regional tourism and investment, highlighting the importance of sustainability in future automotive experiences [4]