Division 02 · Circular economy · Clean energy
Thermal Recovery: end-of-life tyres into fuel, materials and credits.
Through our partnership with ACE Thermal Recovery, advanced pyrolysis turns one of Australia's most persistent waste streams into marketable commodities — with pathways to carbon credits and hydrogen.
end-of-life tyres (equivalent passenger units) generated in Australia each year — most stockpiled, landfilled or exported.
The technology
Pyrolysis: four output streams from one waste.
Shredded tyre rubber is thermally decomposed in the absence of oxygen at around 400–700°C, breaking it down into recoverable products instead of burning or burying it.
TPO
Tyre pyrolysis oil
A liquid fuel comparable to heavy fuel oil — for industrial boilers, blending or further refining.
rCB
Recovered carbon black
An industrial material for rubber goods, plastics and coatings, replacing fossil-derived virgin carbon black.
Syngas
Synthetic gas
A hydrogen-rich gas used for on-site process energy, and a future hydrogen production feedstock.
Steel
Steel wire
Recovered reinforcement wire, fully recyclable as scrap steel.
Revenue streams
A multi-stream business, built for resilience.
- Fuel oil sales
- Primary stream — sold to industrial fuel buyers and refiners.
- Carbon black sales
- A cost-competitive, lower-emission alternative for rubber and plastics manufacturers.
- Gate fees
- Charged to tyre collectors, councils and haulers for responsible processing — a reliable baseline income.
- Carbon credits
- Measurable GHG reductions from landfill diversion and avoided virgin carbon black, certified under recognised methodologies.
- Syngas & hydrogen
- Future pathway — processing syngas into hydrogen for transport and industry.
The market
A structural gap in domestic processing.
- Domestic pyrolysis capacity sits well below the volume of tyres generated
- Tightening landfill and export restrictions drive demand for local processors
- Strong ESG-motivated demand for circular economy investment
- Gate fees provide revenue from the first tonne processed
Carbon integration
Reductions GBF can certify and monetise.
- Landfill diversion — avoiding emissions from stockpiling, dumping and open burning
- Fuel displacement — recovered oil substituting virgin heavy fuel oil
- Material substitution — rCB displacing fossil-derived carbon black
- Platform integration — GBF manages the certification pathway end to end
Strategic direction
The first facility in a scalable roll-out.
- 01
Facility 1
Establish the initial processing plant.
- 02
Proof of concept
Demonstrate throughput, output quality and financial performance.
- 03
Certification
Register GHG reductions and issue first credits.
- 04
Replication
Further Australian facilities under licensing or JV models.
- 05
Export
Deployment in Malaysia, Vietnam and Indonesia.