GIIB Holdings Bhd’s subsidiary, GIIB Material Sciences Pte Ltd, has entered a strategic collaboration with Singapore-based Global Enviro Pte Ltd to enhance the recovery and reuse of materials from end-of-life tyres and rubber waste. The move underlines growing industry focus on circular economy models in tyre manufacturing and recycling.
The memorandum of understanding (MoU), signed on 10 April, outlines plans for both companies to collaborate on the commercial utilisation of recovered carbon black and graphene sourced from Global Enviro’s advanced recycling operations. The two companies aim to jointly develop downstream applications in manufacturing and advanced material sectors, broadening the use of recycled resources.
A key feature of the agreement is the development of a circular economy framework supported by blockchain traceability and environmental, social, and governance (ESG) metrics. This approach is designed to enhance transparency across tyre recycling processes and support sustainability goals for both companies and their partners.
Global Enviro will also support GIIB’s expansion into the Singaporean market by leveraging its established relationships with government-linked companies and institutional stakeholders. The partnership is intended to build alliances across logistics, fleet management, and industrial sectors to promote the adoption of circular economy practices.
While the MoU is non-binding and effective for 12 months, it signals a strategic alignment with GIIB’s ambitions to strengthen its portfolio of high-end rubber compounds and advanced materials. The collaboration is not expected to materially affect GIIB’s financial results for the fiscal year ending 31 December 2025.
This partnership reflects a wider trend in the tyre industry towards circular economy innovation, with recovered carbon black and graphene gaining traction as key sustainable materials. Blockchain-backed traceability and ESG compliance are emerging as essential tools for manufacturers and recyclers aiming to meet both regulatory requirements and corporate sustainability targets.
Tagged with: circular economy, tyre recycling, recovered carbon black, graphene, blockchain traceability, ESG metrics, GIIB Holdings, Global Enviro, sustainable tyre manufacturing
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