CIRCULARISE: Project to track plastics industry supply chains receives EUR 1.5m in EU funding -- K Trade Fair

15.09.2020

Plastics News by Plasteurope.com

CIRCULARISE: Project to track plastics industry supply chains receives EUR 1.5m in EU funding

Circularise Plastics seeks to track plastics movements with blockchain technology (Photo: Circularise)
Circularise Plastics, a project using blockchain technology to set up an open-source protocol for tracking the supply chain in the plastics industry, has received EUR 1.5m from the European Commissions H2020 SME Instrument Phase 2 to fund its next stage of growth. The funding is seen as a big step forward to scale up the project in order to achieve its goal of creating a plastics industry standard for a secure and open system for global supply chains.

Over the last four years since start-up Circularise (The Hague / The Netherlands; www.circularise.com) launched its project, the company said it has proven that blockchain is a strong enabler for all the data, documents and information exchanges happening within complex supply chains while safeguarding sensitive data. Together with polyamide producer Covestro (Leverkusen / Germany; www.covestro.com) and engineering plastics producer Domo Chemicals (Leuna / Germany; www.domochemicals.com), the first version of the Circularise Plastics systems was built and tested.

In spring 2020, Circularise was selected for an acceleration programme by the Alliance to End Plastic Waste (AEPW; www.endplasticwaste.org), which recently published its 2020 Progress Report" (see Plasteurope.com of 11.09.2020).

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