GIIB Holdings Berhad announced that its wholly owned subsidiary, GIIB Material Sciences Pte Ltd, has signed a Memorandum of Understanding (MoU) with Singapore-based Global Enviro Pte Ltd to jointly pursue sustainable innovations in the circular economy, specifically targeting the recovery and reuse of valuable materials from end-of-life tyres and rubber waste.
Advanced Circular Economy and Sustainable Innovation in the Rubber Industry
The MoU, signed on 10 April 2025, sets the foundation for a strategic collaboration that aligns with GIIB’s long-term commitment to sustainability, advanced materials innovation, and regional partnerships. The collaboration aims to tap into the significant potential of recovered carbon black and graphene extracted through Global Enviro’s cutting-edge recycling technologies.
Under the terms of the MoU, both parties will explore:
- Commercial utilisation of recovered materials in advanced manufacturing and rubber compounding,
- Joint development of downstream applications leveraging high-performance,
- sustainable materials,
- Strategic partnerships across logistics, fleet management, and industrial sectors to promote tyre waste circularity
- The co-creation of a blockchain-powered circular economy framework, ensuring transparency, traceability, and alignment with global ESG (Environmental, Social, and Governance) standards.
As part of the collaboration, Global Enviro will also play a key role in facilitating GIIB’s market expansion efforts in Singapore, particularly through engagements with government-linked entities and institutional stakeholders.
“This partnership represents a meaningful leap forward for GIIB as we deepen our focus on sustainability and smart materials innovation,” said Qisheng Tai, CEO of GIIB Holdings Berhad. “By combining our advanced rubber compounding expertise with Global Enviro’s state-of-the-art recycling capabilities, we are laying the groundwork for a greener, more responsible future in the rubber and materials science industry.” Although the MoU is a non-binding statement of intent and is effective for 12 months, it reflects a shared vision between both organisations to transform waste into value and foster a resilient, circular economy across Southeast Asia.
