Green360 Technologies (ASX: GT3)Share Price and News

Green360 enters 2026 at a genuinely important juncture: the kaolin business is generating consistent revenue, the Eco-Clay technology has been independently validated, and the PERMAcast joint venture is approaching commercial production.

The most immediate catalyst to watch is the outcome of commercial-scale Eco-Clay trials currently underway in Melbourne. Green360 has delivered approximately 60 tonnes of Eco-Clay to concrete batching plants for commercial-scale testing, the purpose of which is to confirm the product maintains handling, blending, consistency and performance metrics at volume. Positive results will support customer acceptance and open the door to offtake discussions.

The company is also progressing negotiations to enter toll-treatment arrangements with third-party processors, which would allow Eco-Clay to reach market without the upfront capital cost of building its own calcining infrastructure. GT3 estimates the capital expenditure required for this approach at less than A$500,000. Initial Eco-Clay supply through these arrangements is expected to begin during the second half of 2026, with volumes ramping through 2027 and 2028 as product consistency is demonstrated.

The PERMAcast joint venture is targeting commencement of commercial production in mid-2026 once the plant has been fully commissioned. Beyond the precast concrete products themselves, there is a potentially lucrative secondary revenue stream in the repurposing of industrial waste.

Testing completed in 2025 on red mud, the byproduct of aluminium smelting, showed that GT3's process reduced chromium levels by over 95 percent and fully immobilised uranium and thorium, bringing the material to inert waste and drinking water standards. The resulting red mud and kaolin blend replaced 30 percent of Portland cement. Green360 is currently progressing commercial-scale validation of this red mud process and is in discussions with large-scale contractors and government bodies.

The company is also working with Indonesian nickel producer PT Huadi Nickel-Alloy Indonesia to evaluate whether nickel slag from its South Sulawesi operations can be incorporated into geopolymer cement products, with early testwork showing compressive strengths of up to 37.5 megapascals after just seven days.

The market backdrop strongly supports these ambitions. Concrete production accounts for approximately 8 percent of all global human CO2 emissions, with the lion's share generated during the kiln-heating stage of Portland cement manufacturing. Australia's Safeguard Mechanism requires the country's highest-emitting industrial facilities to reduce emissions to 43 percent below 2005 levels by 2030 and net zero by 2050, creating regulatory tailwinds that directly benefit lower-emissions alternatives like Eco-Clay.

Simultaneously, the traditional low-carbon binder alternatives, fly ash and slag, are becoming increasingly scarce as coal-fired power plants close across Australia. This is not only an environmental opportunity for Green360 but also a supply chain gap that the company is well positioned to fill.

Global cement production stands at 4 billion tonnes per annum, second only to water as the world's most consumed resource, and demand is forecast to grow to 5 billion tonnes within the next decade. In Australia alone, the cement market is worth approximately A$4bn annually, with 12 to 13 million tonnes produced each year from 1,500 concrete batching plants.

Green360 also sees a significant growth runway in its existing kaolin business, targeting expansion into the Asian premium kaolin market where the Asia-Pacific region accounts for 40 to 50 percent of global kaolin consumption and where GT3 already generates more than 35 percent of its Pittong revenues.