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.