The synthesis of porous activated carbon (specific surface area=1883 m g ), Fe O nanoparticles, and carbon-Fe O (C-Fe O ) nanocomposites from local waste thermocol sheets and rusted iron wires is demonstrated herein. The resulting carbon, Fe O nanoparticles, and C-Fe O composites are used as electrode materials for supercapacitor applications. In particular, C-Fe O composite electrodes exhibit a high specific capacitance of 1375 F g at 1 A g and longer cyclic stability with 98 % capacitance retention over 10 000 cycles. Subsequently, an asymmetric supercapacitor, namely, C-Fe O ∥Ni(OH) /carbon nanotube device, exhibits a high energy density of 91.1 Wh kg and a remarkable cyclic stability, with 98 % capacitance retention over 10 000 cycles. Thus, this work has important implications not only for the fabrication of low-cost electrodes for high-performance supercapacitors, but also for the recycling of waste thermocol sheets and rusted iron wires for value-added reuse.