Increased population growth, industrialization, and modern culture create a variety of consequences, including environmental pollution, heavy metal accumulation, and decreasing energy resources. This perilous position necessitates the development of long-term energy resources and strategies to address environmental threats and power shortages. In this study, an investigation into the use of castor seed oil cake and waste tyres as a feed material for the copyrolysis process for yielding maximum oil production was performed. The copyrolysis experiments were performed by changing the mass percentage of waste tyres with oil cake to make different ratios of 100 : 0, 75 : 25, 50 : 50, 25 : 75, and 0 : 100. At 50 : 50 ratio, the maximum positive synergy on oil production was obtained. At that condition, a maximum of 59.8 wt% oil was produced and characterized to analyze its physiochemical properties. The coprocessing of the selected two feed materials enables the stabilization of the oil, as the produced oil has a lower oxygen content with a maximum heating value of 38.72 MJ/kg. The Fourier transform infrared spectroscopy (FTIR) and gas chromatography-mass spectrometry (GC-MS) analysis of the oil showed the existence of aromatic hydrocarbons and phenolic elements. Adding waste tyres to the biomass improved the quality of the oil by increasing carbon content with reduced oxygen content.