Used plastic received at the pyrolysis oil producer and certified to begin their recycling process
8 Feb 2022
Used plastics are converted into TACOIL by the pyrolysis oil producer.
15 Feb 2022
TACOIL is delivered by the feedstock supplier to SABIC. Transferring custody of the asset and associated sustainability credits.
17 Mar 2022
SABIC produces the circular polymer which traces back to the associated sustainability credits of the TACOIL (circular feedstock made with used plastic). Circular polymer will then be sold to convertors
24 Mar 2022
Circular polymer is delivered for conversion into the final packaging solution
12 Apr 2022
Polymer: quantity received (kg) - 100
Santo Tirso - Rebordões
The final packing solution is obtained, completing the blockchain-based value chain traceability.The final packaging immutably traces back to the sustainability credits of the original plastic waste used plastic with no possibility of double spending or over spending (allocating the same credits to multiple products or spending credits before receiving the goods).
24 Apr 2022
SABIC launches blockchain pilot for digital traceability of certified circular TRUCIRCLE™ feedstock
SABIC’s consortium blockchain pilot project is a collaboration with technology company Finboot, advanced recycling pioneer Plastic Energy, and packaging specialist Intraplás
The project intends to create additional transparency and digital traceability for certified circular feedstock used in SABIC’s TRUCIRCLE™solutions
The growing consumption of carbon-based materials has created a series of issues for the environment, including a concerning rise in climate change, depletion of natural resources and pollution. Renewable feedstock is one of the solutions to combat modern society - but only if it can be reliably validated as genuine.