GIIB Holdings signs circularity MoU with Global Enviro
GIIB Holdings Bhd’s wholly owned subsidiary, GIIB Material Sciences Pte Ltd, has signed a memorandum of understanding (MoU) with Singapore-based Global Enviro Pte Ltd to “unlock new opportunities in the circular economy, focusing on the recovery and reuse of valuable materials from end-of-life tyres and rubber waste”. GIIB Holdings Bhd CEO Tai Qisheng described the news as the “next step towards a safe and proper end of life tyres and closing the circular loop of rCB [recovered carbon black”.