Blockchain technology is revolutionizing many industries, and plastic recycling is no exception. Finboot, in collaboration with SABIC, Plastic Energy, and Intraplás, is at the forefront of this innovation with their pilot project that uses blockchain to promote traceability and transparency in plastic recycling.
The goal of the project is to enable end-to-end digital traceability of circular feedstock in customer products throughout the recycling process. The project is a first-of-its-kind in the industry and promises to provide valuable insights that can be used to enhance recycling processes in the future.
SABIC expressed their enthusiasm for the project on social media, noting that digitalization is key to ensuring the smooth operation of technology and recycling processes. They also shared a YouTube video that showcases the innovative nature of the project and how it can contribute to the advancement of plastic recycling.
Data is a powerful tool. We're partnering with technology company Finboot, advanced recycling pioneer Plastic Energy, and packaging specialist Intraplás to launch a #blockchain pilot program that tracks plastic recycling.A first of its kind in the industry, the project aims to support end-to-end digital traceability of circular feedstock in customer products throughout the recycling process. Find out more: https://bit.ly/3GtLNXi#SABIC
Plastic Energy echoed SABIC's sentiments and shared the video as well, highlighting the importance of promoting circularity in the plastic industry. The video provides a comprehensive overview of the project, showcasing its potential impact on the plastic recycling industry.
¨The role of #digitalisation 👩💻 is key to ensure the smooth operation of our #technology and #recyling process, and for advancements in the future. We partnered with SABIC, Finboot and Intraplás on a #blockchain technology pilot project for traceability and transparency for #recycled #plastics, demonstrating how #advancedrecycling ♻️ can play an important role for more #sustainable plastics.¨
As individuals and organizations continue to focus on sustainability, it is critical to leverage technology to improve recycling processes. This blockchain pilot project is a testament to the power of innovation in promoting a sustainable future.
This collaboration between Finboot, SABIC, Plastic Energy, and Intraplás is a step in the right direction towards promoting circularity and sustainability in the plastic industry. The use of blockchain technology to foster traceability and transparency in plastic recycling will undoubtedly inspire other players in the industry to embrace innovation and contribute to a sustainable future.
To know more about this project, visit https://www.finboot.com/sabic-pilot
To read the original SABIC's press release, go to: https://www.sabic.com/en/news/36296-sabic-launches-blockchain-pilot