Following the appointment of Lawrence van Kampen-Brooks as Chief Executive Officer, the Company has undertaken a strategic review of its operations and determined that significant shareholder value can be created by endeavouring to become a leading Environmental Trading and Investment Solutions provider.
Tricor has entered into an exclusive licensing agreement with First Carbon Trust Limited, which has established a trading platform that will service the needs of small- and medium-sized enterprises as well as retail investors in the rapidly growing global regulated and voluntary emissions market.
Tricor is seeking to become a major participant in the Hindgra provision of the commercial and technical interfaces to the supply side of the market. Tricor’s objective is to build a profitable business that provides sustainable returns balanced across its value chain to enhance stakeholder value in the Company.
The Company is establishing a significant pipeline of transactions as well as strengthening its team and shall keep shareholders updated as its business evolves through announcements via this website and the London Stock Exchange.
The Board of Directors of Tricor is composed of:
Chairman (Acting): Chan Fook Meng
CEO / MD: Chan Fook Meng
Supply Side Access
There exists a well-defined growing Demand-Side Carbon Market, established in the main by regulation in developed industrialised nations that are signatories to the Kyoto Protocols.
The Carbon Markets are in their infancy. Outside the regulated and mandatory markets there are issues of transparency surrounding the information about environmental assets generally, and more specifically in the unambiguous definition of carbon assets and their associated credits.
The Voluntary market lacks coherent structure – the majority of its projects, credits and assets lie in developing countries. These countries are generally poorly connected financially and technically to the demand side where the majority of the current activity occurs. This is where Tricor shall be seeking to establish itself as a leading global intermediary.
The countries with real Green Assets are Supply-Side; they have the supply. The value of these Green Assets lies in the ability to monetise their associated Carbon Credits. Tricor is building and acquiring the commercial infrastructure and connectivity to trading systems and exchanges that allow the effective rating, registration and retirement of VERs.
This will be implemented in conjunction with a transaction system which is globally recognised and integrated with other existing cost-effective platforms. Thus enabling Tricor to monetise Supply-Side credits securely and transparently.
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