ICM Inc, Bank of America Merrill Lynch Dometic
Open to additional partners
Description/achievement of initiative
Pioneering a sustainable business model where rural smallholders engage in agro-forestry to provide inputs for the production of food and ethanol-based cooking fuel for urban consumers.
In 2009, Novozymes met CleanStar Ventures, a venture development partnership that leverages innovation to drive social development and environmental restoration, which has similar interests. The companies conducted a joint feasibility study in Mozambique, which showed an opportunity for a highly profitable and sustainable venture that could be delivered at significant scale and replicated. On that basis the companies jointly invested in the newly-formed CleanStar Mozambique in August 2010. Alongside Novozymes and CleanStar Ventures, the business brings together other partners, most notably the engineering group ICM Inc. that is providing the ethanol plant and Bank of America Merrill Lynch that has entered a multi-million Certified Emission Reduction financing agreement with CleanStar Mozambique.
CleanStar Mozambique will monitor all relevant targets on an ongoing basis, Please redirect the available website at: Clean Star Mozambique