Circulor, a London-based firm that provides traceability-as-a-service, reportedly announced a collaboration with Recycling Technologies and TotalEnergies to create a blockchain traceability system for hard-to-recycle plastics (HTRP); the project being named TRACKCYCLE.
According to reliable reports, project TRACKCYCLE will incorporate blockchain technology into the advanced recycling value chain to offer a completely traceable and correctly labeled database of recycled materials from waste tracking to the use of recycled polymeric materials in new manufacturing streams.
Moreover, TotalEnergies and Recycling Technologies will make use of their industrial and R&D experience to enhance the traceability of feedstock from post-consumer plastic wastes utilized in the manufacturing of recovered polymers as part of the project.
The consortium is also likely to collaborate closely with a number of plastic trash providers, including a global fast-moving consumer goods (FMCG) firm that supplies post-industrial garbage.
Speculations have it the UK government will impose a plastic packaging tax on the packaging that does not include at least 30% recycled plastic materials. Meanwhile, the European Union will introduce a packaging tax. Both of these projects highlight the need for having the correct information on plastic recycling and its application in new materials.
CEO of Circulor, Douglas Johnson-Poensgen, stated that they are on a journey to make the world’s most complex industrial supply chains highly visible in order to avoid exploitation of the planet. Douglas added that Circulor’s traceability platform will play a critical role in bringing awareness to areas where it is now missing now.
Senior Vice President of Polymers at TotalEnergies, Valérie Goff, stated that this cooperation with Circulor and Recycling Technologies is an amazing example of innovation in developing more traceable recycled polymers. It reaffirms the firm’s commitment to promote advanced recycling and helps it achieve the goal of generating 30% recycled and renewable polymers by 2030.
Source Credit: https://www.plasticstoday.com/advanced-recycling/blockchain-traceability-recycled-plastic-waste-revealed