Fullerton Carbon Action Fund marks first SEA deal with Pyro Energie

Investment will fund a new facility for premium-grade circular economy products.

Fullerton Fund Management said that the Fullerton Carbon Action Fund has completed an investment in Thailand's Pyro Energie.

The investment represents the fund’s first investment in Southeast Asia and its second deployment overall, according to a press release.

Proceeds from the investment will support Pyro Energie’s expansion into higher-value, premium-grade products through the construction of a new production facility.

Founded in 2016, the Thailand firm operates commercial-scale pyrolysis facilities that convert end-of-life tyres into pyrolysis oil, recovered carbon black and wire scrap. It has an annual production capacity of over 40 million litres of pyrolysis oil and over 30 million tonnes of recovered carbon black.

Fullerton said the investment aligns with the Carbon Action Fund’s strategy of backing established mid-market firms in transition-critical sectors, such as the circular economy, with strong operations and scalable decarbonisation potential.

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