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Highlights
- Green360 and PERMAcast partner for low-carbon block production
- New joint venture targets WA’s sustainable construction market
- Production to begin by mid-2026 with eco-friendly cement mix
Green360 Technologies Limited (ASX:GT3) has entered into a joint venture with Western Australia’s leading precast concrete manufacturer, PERMAcast, to develop and produce low-carbon retaining wall blocks tailored for the region’s growing infrastructure and residential development market.
The collaboration, formalised through a Memorandum of Understanding (MoU), marks a strategic step toward supplying large-format, environmentally responsible concrete blocks in response to surging demand across infrastructure, residential, and mining sectors. Through this joint venture, both companies will contribute equally to the initiative, combining resources to create sustainable concrete solutions that meet stringent environmental standards.
Scaling Localised Green Solutions
The 50:50 joint venture will see PERMAcast finance key equipment, including a state-of-the-art block laying machine and batching plant, essential for scaling production. Under the agreement, the JV will have exclusive access to low-carbon blocks at cost, and all sale profits will remain within the venture, enhancing operational efficiency and profitability.
This approach not only secures Green360’s position in the sustainable construction space but also aligns with rising industry demand for decarbonised building materials. Accurate carbon accounting embedded into the production process is particularly valuable for projects governed by environmental, social, and governance (ESG) requirements.
Catering to Western Australia's Expanding Infrastructure Market
The initial product line includes 1,000 x 350 x 350 mm retaining wall blocks, widely used across infrastructure projects, housing developments, and industrial applications. These blocks are integral to roadworks, erosion control, flood barriers, port developments, and mining support structures — sectors experiencing rapid growth in Western Australia.
Given the current supply gap in large-format, low-carbon blocks, the joint venture aims to provide a cost-effective and sustainable local solution. This is expected to reduce reliance on higher-emission materials and streamline procurement for major construction players.
Driving Sustainability Through Innovation
Green360’s proprietary cement mix, incorporating industrial by-products, significantly lowers the embodied carbon footprint compared to conventional concrete. This initiative complements the company’s broader portfolio of green innovations, which includes the development of metakaolin-enhanced cements and recent upgrades to its demonstration-scale concrete production facility.
Production under the JV is projected to commence by mid-2026, marking a significant commercialisation milestone for Green360. While the current MoU is non-binding, the groundwork has been laid for scalable, impactful change in construction practices.
Although Green360 Technologies is not part of the ASX 200, its strides in sustainable infrastructure solutions align with the broader shift toward environmentally-conscious investments seen across the Australian market.
