Finboot is thrilled to announce the launch of the new digital ecosystem specially designed for Cepsa Chemicals, which is part of Cepsa group - a leading energy group committed to sustainable mobility, energy and chemicals with a proud history of investing in innovative technology to drive its business forward. It went live yesterday.
In early 2023, Cepsa Química announced NextLab, the world's first sustainable linear alkylbenzene (LAB), used in the homecare industry to manufacture biodegradable detergents. Cepsa is the largest LAB producer in the world and a pioneer in the production of biodegradable products and the development of safer and more environmentally friendly technologies. NextLab is the LAB produced with sustainable raw materials, such as palm and coconut oil; using the mass balance approach, with a reduced Greenhouse Gas (GHG) footprint.
Cepsa’s continuing partnering with Finboot, with its award-winning and leading digital traceability solution, MARCO Track & Trace, is very much aligned with Cepsa commitment with innovation to support sustainable mobility and energy.
MARCO Track & Trace has enabled Cepsa to implement an auditable and transparent ecosystem for the traceability of vegetable oil from source to its use in biodegradable surfactant production. Finboot’s digital traceability solution enables Cepsa to easily gather, verify, and share enriched supply chain data. Cepsa can easily create and share fully auditable Digital Product Passports with evidence-backed claims on the sustainability of NextLab.
In this first phase of the project, Cepsa will use MARCO Track & Trace in two of its product lines, NextLab-R, which is produced from Puente Mayorga in Spain and from Camaçari in Brazil; and LAB Low Carbon (integrating low CO2 emissions), which is produced from Bécancour plant in Canada.
David Liras, Director, Cepsa Química says:
“We partnered with Finboot because they are an experienced and innovative company in its sector. Its product enabled us to rapidly implement a digital traceability ecosystem powered by blockchain technology, which ensures that every step of our supply chain is securely recorded, enhancing our credibility and accountability. This innovation will help us to maintain our client’s trust in our renewable chemicals.
We hope to gain significant value in our sustainable product traceability processes. These processes are being strengthened as part of our "Positive Motion" strategy, which aims to enable Cepsa’s customers and society to move to a more sustainable future. Finboot’s technology offers us many advantages in this regard, and it will help us scale use cases to other areas within our organisation quickly and easily.¨
Juan Miguel Perez, Chief Executive Officer and Co-Founder of Finboot, added:
“Our partnership with Cepsa is another example of Finboot’s capacity to adapt our MARCO Track & Trace product to very complex global supply chains with unmatched speed and agility. Our solution will help strengthen Cepsa’s position as a world leader in the production of sustainable and circular chemicals.
Our Digital Product Passports provide an excellent opportunity for Cepsa Chemicals to differentiate their products in the market and deliver additional value to their clients. Additionally, our capability to automate their Mass Balance record-keeping simplifies compliance and certification processes with minimum resource allocation.”
Finboot’s digital traceability solution, MARCO Track & Trace, simplifies supply chain workflows with blockchain assurance, redefines the way to manage this value chains, and drives forward digitalisation, sustainability and ESG agendas.
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Notes to Editors
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Finboot is a technology company simplifying enterprise blockchain. We facilitate the core priorities of industry leaders to enable fast and easy adoption of digital ecosystems powered by blockchain. Finboot created the first No-code / Low-code platform and ecosystem, MARCO, to enable Web3: Bringing the future of the internet to business. MARCO greatly improves management of value chains and drives forward digitalisation, sustainability and ESG agendas. MARCO connects blockchain technologies securely under one roof, turning data into trusted digital assets and accelerating the road towards interoperability.
Our purpose at Finboot is to enable Web3 and unlock its full value. Finboot is making blockchain accessible and understandable to business and delivering the leading No-code / Low-code platform and ecosystem for a decentralised world.
Cepsa is a leading international company committed to sustainable mobility and energy with a solid technical experience after more than 90 years of activity. The company also has a world-leading chemicals business with increasingly sustainable operations.
In 2022, Cepsa presented its new strategic plan for 2030, Positive Motion, which projects its ambition to be a leader in sustainable mobility, biofuels, and green hydrogen in Spain and Portugal, and to become a benchmark in the energy transition.
The company places customers at the heart of its business and will work with them to help them advance their decarbonization goals. ESG criteria inspire everything Cepsa does as it advances toward its Net Positive objective. This decade, it will reduce its Scope 1 and 2 CO2 emissions by 55% and its carbon intensity index by 15-20%, with the goal of reaching net zero emissions by 2050.
Cepsa Química is a world leader in its sector and is leading the shift towards sustainable chemistry, with a clear commitment to the fight against climate change and the transition to a circular, non-fossil economy.
The company is a world leader in the production of LAB, the main raw material used in biodegradable detergents. It is also number one in the production of cumene, an intermediate product used in the production of o phenol and acetone, which are the main raw materials for the manufacture of engineering plastics and of which it is the world’s second largest producer. Cepsa Química currently employs more than 1,000 people and has plants in seven countries around the world (Spain, Germany, Canada, China, Indonesia, and Nigeria).