GIIB Unit, Global Enviro to Collaborate on End-of-Life Tires, Rubber Waste

MT Newswires Live

Apr 15, 2025

GIIB (KLSE:GIIB) unit GIIB Material Sciences signed a memorandum of understanding with Singapore-based Global Enviro to collaborate on end-of-life tires and rubber waste.

The partnership will focus on the offtake and commercial use of recovered carbon black and graphene from Global Enviro's tire pyrolysis operations and developing a circular economy framework with blockchain traceability and ESG metrics.

Global Enviro will also support GIIB's market expansion in Singapore, including partnerships with government-linked companies and institutions, according to a Monday Malaysian bourse filing.

The arrangement will be valid for a year, the manufacturer of rubber-related compounds said.

Price (MYR): $0.06, Change: $-0.015, Percent Change: -21.43%

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