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3C and Factor to merge to form market leader in carbon credit business

Bad Vilbel – Frankfurt / Zurich, September 24, 2007 – 3C and Factor have announced today they will merge to form Factor3C AG, a carbon market leader with comprehensive vertical integration. The new company will be the leading carbon asset management enterprise in Continental Europe with subsidiaries in Brazil, Chile, China and the US.

ID: 364
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(businesspress24) - Both 3C and Factor have prospered significantly over the last two years, and the merger will accelerate this growth to accommodate the fast growing carbon market. With its combined experience in the carbon market and the increased coverage of the carbon credit supply chain, Factor3C will provide the highest quality carbon asset origination and management services utilizing emission reduction credits sourced from around the globe.

“Market consolidation is a logical consequence in a global market which requires a steady presence in project host countries”, says Markus Hüwener, Member of the Board at 3C Holding AG. Further he points out “The new company will strictly apply the philosophy of quality assurance regarding carbon credits while effectively managing the delivery risks in its various core business areas with the highest efficiency.”

Thomas Stetter, CEO of Factor AG sees an unparalleled opportunity for two major carbon market players to unify with a specific focus on developing the carbon markets. “This merger makes tremendous sense for our partners and clients,” he says. “A comprehensive vertical integration will make the new company the number one partner for project developers worldwide as well as clients in the mandatory and voluntary carbon market.” With the knowledge and experience of 3C as a carbon asset manager and climate neutral service provider and Factor as project developer, the new company will combine a superior overview of the market with the leverage to capitalize on carbon credits.



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About Factor Consulting + Management AG - Factor is one of the oldest established players in the carbon market with a track record in high quality carbon credit generation, carbon finance, and as a service provider for carbon risk management solutions. Established in 1999, Factor has sourced, developed and executed over 25 CDM projects has transacted more than 20 million tonnes of carbon credits with a market value of over USD 120 million. The current trading and brokerage portfolio includes approximately 100 projects with an expected volume of over 15 million tonnes of carbon credits until 2012.
Based in Zurich, Switzerland, Factor has operative offices in China and Brazil. In India, Pakistan, Middle East, Romania and Central Asia Factor developed strong partnerships with local experts and project developers. The team of 40 experts includes engineers, scientists, economists and business specialists. The firm's list of clients includes various multi-national companies as well as development banks and UN organizations.

About 3C Holding AG - As one of the leading Carbon Asset Management firms in Europe, 3C originates and procures carbon credits from CDM and JI projects around the world. 3C, based in Bad Vilbel/Frankfurt, Germany, employs a team of currently 50 specialists with extensive experience in project development, risk management, trading strategies and financial consulting. With its subsidiaries 3C América Latina, based in Santiago de Chile, and 3C – The Carbon Credit Company, LLC, based in Washington D.C., the Group is well positioned to access climate change projects at early stages and to develop the emerging voluntary carbon markets as well as future mandatory schemes in those countries.
In Latin America, India, China, Thailand, and Vietnam 3C developed strong partnerships with local experts and project developers. 3C Markets AG provides consulting services regarding emission trading and hedging strategies, especially within the EU ETS. The Carbon Investment Advisory of 3C Consulting GmbH offers comprehensive expertise and risk management strategies for carbon fund managers. Furthermore, 3C is globally one of the biggest sellers of carbon credits for the voluntary carbon market and provides comprehensive carbon offsetting services to major international corporate clients.

Further information on both companies can be found on the respective websites, www.factorglobal.com and www.3c-company.com.

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3C Group – The Carbon Credit Company
Fritz Wilhelm
Head of Corporate Communications
Industriestr. 10
61118 Bad Vilbel
Tel. +49 (6101) 5 56 58 – 34
Fax +49 (6101) 5 56 58 – 77
E-Mail: fritz.wilhelm(at)3c-company.com

Factor Consulting + Management AG
Linda Manieram
Communications Manager
Binzstrasse 18
CH-8045 Zurich
Tel. +41 (0) 44 455 6195
Fax +44 (0) 44 455 6069
E-Mail: linda.manieram(at)factorglobal.com



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Date: 09/24/2007 - 12:22
Language: English
News-ID 364
Character count: 0
Kontakt-Informationen:
Firma: 3C and Factor to merge to form market leader in carbon credit business
Ansprechpartner: Fritz Wilhelm Feedback to businesspress24.com about Pressrelease-id:
Stadt: Bad Vilbel / Frankfurt
Telefon: +49 (6101) 5 56 58 – 0

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