AIG Capital Partners, Inc. announced that it will become a significant investor in London-based Sindicatum Carbon Capital Ltd., a principal financier/developer of greenhouse gas abatement projects.

SCC is a specialist climate mitigation company utilizing capital and technology to convert GHG emissions into long-term sources of revenue. The firm said it will use its significant pool of new capital to accelerate the development of its GHG reduction projects and for investment in new and emerging technologies.

AIGCP is part of the AIG Global Investment Group. It joins SCC’s existing strategic shareholders, including Citigroup. Other shareholders include the Black River Commodity Clean Energy Investment Fund, a fund managed by Black River Asset Management, LLC, a subsidiary of Cargill, and Foresight Venture Partners, a leading British institutional investor.

“We are attracted by the rapidly growing carbon credit markets and how SCC’s management team is uniquely positioned to capitalize on this opportunity,” said Scott Foushee, managing director, AIG Capital Partners. “The investment in Sindicatum Carbon Capital reflects AIGGIG’s strong interest in the emerging carbon market and sustainability programs that help mitigate global greenhouse gas emissions.”

SCC has a number of projects under development in sectors including coal mining, chemical and process industries, waste management and power generation. These projects are designed to create large volumes of GHG reductions, which will be registered under the Kyoto Protocol on climate change to create “carbon credits”.

“The climate change sector will attract extremely large volumes of capital over the coming years,” said Assaad Razzouk, CEO of SCC. “The financial power of a combined AIG and Citi strategic investments supporting SCC will allow our company to become a major focal point for intelligently mobilizing capital in this dynamic and evolving sector. Furthermore, the global presence of our shareholder base will enable SCC to implement its business in markets ranging from Asia to Europe, Middle East, Africa, Latin America, Canada and the U.S.”