FDCC Patron member Neste and a Netherlands-based startup Circularise have announced a partnership to bring Circularise’s traceability software into circular polymers and chemicals supply chains. The goal of the cooperation is to establish digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain.
Data-based supply chain visibility can strengthen trust in sustainable solutions, which is needed as a mix of raw materials, both recycled or renewable and fossil materials may be processed together. The companies will use Circularise’s blockchain-based supply chain traceability software, which allows them to verify where materials come from and how and where they were processed.
The software creates a digital twin for the physical material, which stores information on the used materials throughout the value chain. The stored information enables all value chain parties to keep track of the material.
Read more from the press release.
Image source: Neste, Circularise.