Kuala Lumpur, May 02, 2008|
YTL Corporation announced today their acquisition of Malaysian-based Clean Development Mechanism (CDM) developer, SV Carbon, now known as YTL-SV Carbon Sdn Bhd.
The acquisition marks the birth of an environmental division in YTL’s growing empire. YTL-SV Carbon is now the largest CDM consultancy in Malaysia, and is No. 3 in the ASEAN region with projects in Indonesia, Thailand and China.
YTL-SV Carbon, the green arm of YTL is headed by CEO, Soeren Varming, a pioneer in energy and CDM consulting as well as renewable energy technology.
“With Soeren Varming’s expertise and experience, combined with YTL’s strong commitment to nurturing clean technologies globally, the partnership will provide total solutions for CDM consulting in important sectors such as cement, power, water, agriculture, and renewable energy,” said Tan Sri (Dr.) Francis Yeoh, Managing Director of YTL Corporation Berhad.
Following a strong commitment to nurturing clean technologies globally, YTL’s latest venture will see YTL-SV Carbon provide end-to-end solutions for projects under CDM, handling all aspects of the process including identification of the potential projects, development of documentation, and approvals and sale of carbon credits regionally and globally.
The launch of YTL-SV Carbon took place during the YTL Climate Change Week 2008. Tan Sri (Dr.) Francis Yeoh announced the acquisition of YTL-SV Carbon during the business conference “Energy Security and Climate Change in the 21st Century” where many leaders and entrepreneurs gathered to explore the critical role of technology in tackling climate change challenges.