Over the previous few years energy demand has drastically increased that lead to recycling of scrap tyres for the production of fuels for energy in South Africa. This chapter provides a detailed information on how to go about recycling of used tyres into pyrolysis oils and carbon black through pyrolisis method. This method provides clean renewable energy and also solve the difficulty of waste tyre removal in the landfills. During the pyrolysis process wasted tyres are decomposed into low molecular weight compounds under inert thermal conditions. An estimated yields of tyre pyrolysis are typical: 45–55% fuel oil 10–15% steel wire, 30–35% carbon black and 8–10% flammable gas. The recycled tyre pyrolysis oil promises to be a good substitution for diesel fuel and gives a opportunity to minimize the utilization of the natural resources. Due to high specific surface area and electrical conductivity in carborn black it has wide range of appliacation in catalysis, polymers reinforcement and solar energy.