GIIB inks rubber waste MoU with S’pore firm

PETALING JAYA: GIIB Material Sciences Pte Ltd, a wholly owned subsidiary of GIIB Holdings Bhd (GIIB) has entered into a memorandum of understanding (MoU) with Singapore-based Global Enviro Pte Ltd to collaborate in a field related to end-of-life tyres and rubber waste. In a filing with Bursa Malaysia, GIIB said both parties would collaborate in areas such as the offtake and commercial utilisation of recovered carbon black and graphene from Global Enviro’s tyre pyrolysis and advanced recycling operations. Other areas of joint focus are the development of a shared circular economy framework supported by blockchain-based traceability as well as environment, social and governance metrics.

Global Enviro will aslo facilitate GIIB’s market expansion in Singapore, including through engagements with government-linked companies and institutional partners..