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Company news



27 Sep 2022

Circularise launches software to automate mass balance bookkeeping in chemicals and plastics

The Hague, The Netherlands, 27th September 2022 - Today, Circularise launched a new product called MassBalancer. It’s a pioneering software tool designed to reduce the complexity of bookkeeping required for the mass balance chain of custody model in the chemicals sector. Bookkeeping is needed to maintain certifications such as ISCC Plus, which allocate sustainability claims to products. MassBalancer aims to make the mass balance approach scalable within the plastics and chemicals industries by automating the administrative steps of this process. It was tested by 10 parties in 2022. On October 19th, Circularise will showcase its latest MassBalancer software at K 2022 in Düsseldorf, Germany. 

Although mass balancing provides greater operational flexibility compared to physical segregation, the bookkeeping necessary to uphold the mass balance model is complex and time consuming. Physical material and sustainable material credits must be carefully balanced according to a set of ISCC rules to ensure sustainable product output does not exceed input and to support the reliability of sustainability claims.

Maintaining this manual bookkeeping process requires significant effort from an organisation, burdens SMEs and requires a team of people to do mass balance at scale. As all parties in the supply chain must be mass balance certified, a system-level approach is required to get the value from the mass balance model. Circularise aims to ease the administrative burden and minimise the time taken on mass balance bookkeeping, allowing companies to scale this process throughout their operations and reap the benefits.

Mesbah Sabur, co-founder of Circularise, explains the potential of mass balancing; “The mass balance chain of custody model offers the opportunity for companies within the plastic and chemicals sector to incrementally transition their operations to the use of sustainable feedstock. Our aim is to eliminate the administrative hurdle of the bookkeeping process so that businesses can focus on realising the benefits of the mass balance approach.”

Circularise’s MassBalancer software offers multiple benefits: 

  • Automated mass balance bookkeeping. Bookkeeping using spreadsheets can lead to costly mistakes. MassBalancer helps you to allocate incoming credits using pre-defined recipes and conversion factors without the risk of over-allocation. Send credits and generate Sustainability Declarations in a few clicks.
  • Automated mass balance reporting. MassBalancer automates quarterly mass balance reporting and provides a clear overview of mass balance production.
  • Manage everything in one place. Stop using many different spreadsheets for mass balance bookkeeping. With MassBalancer you can easily manage balances for all sites and units from one dashboard.
  • Product analytics. With MassBalancer you can get a clear overview of credits for any of your products and gain detailed insight into sourcing materials (e.g. Used Cooking Oil).
  • Seamless credit transfer between companies. MassBalancer speeds up the bookkeeping process by interconnecting actors within the supply chain and helps to create a standard format of reporting, aiding the auditing process.
Digitising mass balance certifications is the first step towards digital product passports (DPPs). Once companies start connecting to each other and exchanging data, it will allow them to create a comprehensive DPP, to achieve greater supply chain visibility, and to prepare for upcoming supply chain sustainability and due diligence regulations. 

Contact our team and visit our booth 04.3 outside hall 4 at K 2022 to learn more about this new software. Book a meeting with us at K 2022.

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13 Sep 2022

ISCC and Circularise pilot blockchain technology with 10 companies to complement mass balance certification

The Hague, The Netherlands, September 13: Today, Circularise publicly announced a pioneering joint project with the certification scheme ISCC, material suppliers Asahi Kasei, Borealis, Neste, Trinseo and Shell, original equipment manufacturers (OEMs), brands Arcelik, Philips Domestic Appliances and EVBox, as well as trading companies Marubeni and Itochu, in which partners tested a blockchain system to complement the ISCC Plus certification. These parties were brought together by Circularise and Marubeni. This is the first time that 10 chemical industry players and appliance companies got together to test a blockchain-based digital system to complement a sustainability certification process of complex value chains. 

The Circularise’s blockchain-based digital system was tested with the ISCC Plus certification to make auditing of certified parties more efficient, and to strengthen integrity of certified data. Participants utilised a public blockchain enabling authentication, decentralisation and encryption of data verifying material flows and related sustainability attributes. This innovative approach differs from other blockchain projects where companies use a private blockchain operated by pre-selected participants, such as members of a consortium. Instead, Circularise and project partners used a public blockchain, making it virtually impossible for companies to appear more sustainable than they really are by reusing the proof of a sustainability claim across assets. This principle forms the foundation of trust in data integrity. 

“Blockchain technology is revolutionising how data is stored and shared. Now companies don’t need to individually keep a balance of goods and transactions in excel. Instead they can use blockchain and smart contracts to store balances, record transactions, and apply mass balance rules. Every transaction is fully traceable. Auditors can therefore rely on the blockchain for parts of the audit,” said Mesbah Sabur, Circularise’s Founder. “We are excited to bring our knowledge in supply chain traceability and data management to project partners to test a public decentralised blockchain with the ISCC Plus certification.” 

Material traceability and verification of data at individual sites and across the value chain were guaranteed by ISCC Plus certification of each site of the operators, requiring site-specific audits, certification and mass balance calculations to provide reassurance about the sustainable content. The data was uploaded to the Circularise software system to improve mass balance bookkeeping and reporting.

‍“Certification will become more digital in the future. It will allow certification schemes to simplify the auditing process of supply chain actors and reduce the risk of mistakes. Companies will have an easier way to show compliance and adhere to auditing rules,” said Jan Henke from ISCC. “We are excited to have tested Circularise’s traceability software on ISCC procedures.”

Mass balance approach for the sustainable chemicals transition
Currently, the chemical sector is engaged in significant sustainability transformation efforts, including rethinking of the use of raw materials, circularity, and climate impact of operations and entire value chains. This transformation is largely built upon sourcing new, more sustainable feedstocks, while maintaining efficient processes, a viable economy and high credibility.

Certification schemes providing an option to use the mass balance system can facilitate a gradual switch towards increasing the replacement of fossil feedstock and materials with renewable and recycled raw materials, while enabling the use of existing infrastructure and equipment instead of constructing parallel plants and value chains. In the mass balance system, data storage and data integrity are key elements in  verifying sustainability and  compliance to the certification requirements.

One of the greatest challenges the mass balance approach faces in the plastics and chemicals industries is awareness and understanding. Through this project, the collaborating partners managed to deepen their knowledge on the topic, align internal processes with ISCC Plus requirements, and test a new futureproof way for bookkeeping of mass balance credits, while easily sharing them across organisations. Overall, this allowed value chain actors to better substantiate sustainability claims and improve collaboration. Beyond this project blockchain technology will play a critical role in complementing supply chain certification to enable certification schemes to simplify the auditing process of supply chain actors, reduce the risk of mistakes and accelerate the sustainable transition. 

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28 Jun 2022

Transparent and traceable: Neste teams up with Circularise to increase visibility along circular polymers and chemicals value chains

Neste and Netherlands-based startup Circularise have announced a partnership to bring Circularise’s traceability software into circular polymers and chemicals supply chains. The companies are collaborating in establishing digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain. 

The companies will use Circularise’s blockchain-based supply chain traceability software, which creates a digital twin for the physical material. The twin stores information on the used materials throughout the value chain, enabling all value chain parties to keep track of the material. This allows them to verify where materials come from and how and where they were processed. The digital twin can also provide information on sustainability data such as the carbon footprint of the materials or products made from them.

Data-based supply chain visibility can strengthen trust in sustainable solutions 

Solutions to increase visibility into supply chains become particularly valuable in the polymers and chemicals industry as materials undergo several processing steps and often get blended and co-processed with other materials. Especially in the ramp-up phase of more sustainable and circular value chains, renewable or recycled materials may be processed together with fossil materials – making it difficult to verifiably link end products with a much lower carbon footprint and the renewable or recycled materials they were produced with. As long as there is a mix of raw materials, a large share of renewable or recycled products will rely on a mass balancing allocation method as a way to link the end products to their raw materials. 

With a digital supply chain tracking system, Neste and Circularise intend to enable value chain players to still make verifiable claims about such products. At the same time, it will allow parties along the value chain to better understand their supply chains, leading to improved transparency when it comes to life cycle emissions of products or other sustainability factors such as biodiversity and human rights. 

“It’s usually very easy to claim sustainability, but very often, it’s not easy at all to back these claims,” says Isabella Tonaco, Vice President Strategy Execution & Marketing at Neste Renewable Polymers and Chemicals. “Yet, trust and credibility are crucial factors when it comes to sustainability. Being able to track and trace all the materials going into a product provides a solid basis for gaining that trust and credibility. We are looking forward to working with Circularise to provide the polymers and chemicals industry with a traceability solution to bring the necessary transparency into the value chains.” 
While the purpose of the collaboration is increasing visibility and trust, Circularise also puts priority on confidentiality. Using a public blockchain-based infrastructure and Circularise’s proprietary Smart Questioning technology allows combining these two targets into one solution, enabling the sharing of trustworthy data and information between parties along the value chain without compromising on intellectual property or privacy. 

“We want to really break the communication barriers that limit supply chain traceability,” said Mesbah Sabur, the founder of Circularise. “And we've been working with suppliers that truly want to create circular operations, that want to cooperate with their clients and regulators, that want to share insights into their products, but at the same time don’t want to risk their sensitive data. Neste is one of the frontrunners in this space and we are excited to work with them to make supply chains more transparent and the world more circular.” 

Susanna Sieppi

Vice President, Communications

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20 Apr 2022

Circularise joins Catena-X to strengthen a secure data exchange in the automotive industry

The Hague, The Netherlands, April 20: Circularise today announces that it is now a member of Catena-X, an open network based on the Gaia-X cloud infrastructure initiative, which aims to enable secure cross-company data exchange across the European automotive industry.

Circularise will be joining leading automotive manufacturers and suppliers, dealer associations and equipment suppliers, including BASF, BMW AG, Robert Bosch GmbH, Mercedes-Benz AG, Siemens AG, and ZF Friedrichshafen AG as part of Catena-X Automotive Network e.V. to improve efficiency, accelerate innovation and decarbonisation, and thereby improve the efficiency and sustainability along automotive value chains.

“With greater traceability in both the product lifecycle and supply chains, companies in the automotive value chain can reduce the environmental impact in terms of CO2 emissions, mitigate the risk of product returns and recalls, and enable procurement of sustainable materials.” said Mesbah Sabur, Circularise’s Founder. “We are excited to bring our expertise in supply chain traceability on a public decentralised blockchain network and work with Catena-X members to create a uniform standard for information and data-sharing throughout the entire automotive value chain.”

In the European Union, new regulations from September 2020 raised the requirements around air quality and CO2 standards, the improvement of emission testing for cars and the support for alternative fuels and battery production. Together with the members of Catena-X, Circularise will address these areas by building a data infrastructure that can significantly boost efficiency and sustainability across complex supply chains. 

“Catena-X is pleased to welcome Circularise to our association,” said Oliver Ganser, Chair of the Board of the Catena-X Automotive Network e.V.. “Contributions from members like Circularise are what makes Catena-X the premier network solving the toughest challenges in the automotive industry today. We look forward to working with Circularise's team to drive the development of a secure cross-company data exchange.”

Earlier this year Circularise conducted a end-to-end supply chain traceability project in which it created a digital twin/passport of materials used in a Porsche’s car in cooperation Alvance, Asahi Kasei, Covestro, Domo Chemicals, Mitsubishi Chemical Advanced Materials, Sika, a global safety certification company UL, several metal manufacturers, and others. Next to that, Circularise partnered with BEC GmbH, Grundfos, Minviro, and the global Rare Earth Industry Association (REIA) to build a blockchain based Circular System for Assessing Rare Earth Sustainability (CSyARES). Circularise’s cooperation with the Catena-X network could be an opportunity to enhance the development of traceable and sustainable supply chains in the automotive industry. 

On May 30th to June 1st Circularise will be at the Hannover Messe, one of the world's largest trade fairs with over 250,000 visitors, dedicated to the topic of industry development. Reach out to our team to get visibility into your supply chains, access Scope 3 emissions, and comply with ever increasing due diligence regulations.

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08 Feb 2022

Circularise partners with 4 organisations to develop a Blockchain based Circular system for Assessing Rare Earth Sustainability

Project to help strengthen transition to a circular economy through tracking and traceability of critical materials aligning with sustainable practises.

Den Haag, The Netherlands, 8 February, 2022: Circularise partners with BEC GmbH, Grundfos, Minviro, and the global Rare Earth Industry Association (REIA) to lead a three-year EIT RawMaterials funded innovation project to build a blockchain based Circular System for Assessing Rare Earth Sustainability (CSyARES). This will help companies improve transparency and sustainability of their supply chains when it comes to critical and rare earth materials.

Demand for rare earth metals is skyrocketing and by 2030 it is projected to reach 315,000 tonnes (1). These rare-earth metals are irreplaceable in wind turbines, electric vehicles, mobile phones, computers and the defence industry. Rising demand combined with resource shortages and supply chain disruptions means we need to rely on sustainably mined and processed metals.

The transition to a circular economy is considered crucial and governments around the world incentivise companies to uptake e-waste recycling and other sustainable practises with new regulation. As highlighted by the European Raw Material Alliance (ERMA) Action Plan, boosting supply security through better cooperation among stakeholders is a top priority. For rare earth metals suppliers, this means not only becoming more sustainable but also proving their compliance and quality criteria to customers and regulators. 

Developing an innovative CSyARES is key in achieving these goals. In this project, the partnering organisations, including Circularise aim to: 

Integrate REIA’s standards on assessing sustainable performance and Minviro’s LCA tool with Circularise’s blockchain software for supply chain traceability and transparency. 
Allow Grundfos and BEC GmbH to test the system and business model and trace and measure the environmental impact of their supply chains using Circularise. This will be conducted in cooperation with members of REIA.

Commenting on this announcement, Jordi de Vos, Circularise’s Founder, said “With CSyARES, we see a big potential in developing solutions for suppliers, brands, and industry as a whole to measure, understand and reduce the climate impact of Rare Earth Metals. As corporations and governments work toward a sustainable future, climate supply chain traceability software that leverages data and blockchain to measure environmental impact can help increase the secondary resource efficiency and accelerate transition to a circular economy.”

This project will contribute to the circular economy transformation in the rare earth elements, electric and electronic equipment, automotive, and all other sectors that depend on rare earths. It will create new business opportunities for manufacturers and recyclers and allow downstream players to ensure sustainable practises throughout their supply chains.

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25 Aug 2021

Mitsubishi Chemical, Dai Nippon Printing, and REFINVERSE Group to Conduct Demonstrations on Supply Chain Development by Using Blockchain to Enhance the Reliability of Traceability

Tokyo, Japan, August 25, 2021 - Mitsubishi Chemical Corporation (MCC; Head Office: Chiyoda-ku, Tokyo; President: Masayuki Waga), jointly with Dai Nippon Printing Co., Ltd. (DNP; Head Office: Shinjuku-ku, Tokyo; President: Yoshinari Kitajima) and REFINVERSE Group, Inc. (REFINVERSE, Head Office: Chuo-ku, Tokyo; President: Akira Ochi), will conduct demonstrations aimed at developing a transparent and reliable supply chain by the end of September. The demonstrations will use the information management system from the Netherlands-based Circularise B.V. (Circularise) to monitor and share environmental impact assessment indicators such as the management and tracking of biomass and recycled raw materials as well as life cycle assessment (LCA) (1) , with partners within the value chain.

In order to utilize sustainable resources such as biomass and recycled raw materials as substitutes for petroleum-derived plastics, it is important to control the amount of raw materials used and to manage evidence for certified materials. In addition, it is necessary to visualize GHG emissions such as CO2 from each supplier as well as the degree of environmental consideration of products for end consumers. Having these points in mind, Circularise has developed a supply chain traceability system that uses the public blockchain to track information from raw materials to final products. This proprietary, highly secure encryption technology allows companies in the supply chain to manage and share both confidential and public information.

Through the demonstrations, MCC, DNP, and REFINVERSE will verify the usefulness of building a supply chain with highly reliable traceability, in order to contribute to the further enhancement of added value for products using biomass and recycled raw materials and the sophistication of raw material management by the mass balance method (2).

In addition, MCC will implement technologies and systems that contribute to the formation of a recycling-oriented society, such as the construction of chemical recycling facilities for plastic-to-oil conversion (3) and the procurement of waste plastic for recycling (4). By building a highly transparent and reliable supply chain through the demonstrations, we will strive to promote sustainable products in society and contribute to the realization of a circular economy.

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03 Nov 2020

Circularise and Porsche collaborate with Borealis, Covestro and Domo Chemicals to enable the traceability of plastics in the automotive sector

Circularise and Porsche together with the pioneering material suppliers Borealis, Covestro and Domo Chemicals launched a blockchain traceability project as part of the Startup Autobahn program
By digitizing materials Circularise was able to create a digital thread through the whole supply chain leading to tracing materials and CO2 footprints.

Stuttgart/The Hague/Vienna/Leverkusen/Ghent, November 3, 2020 - Circularise, the blockchain  supply chain transparency provider, as part of the Startup Autobahn innovation program, recently launched a project with Porsche and its pioneering material suppliers – Borealis,  Covestro and Domo Chemicals – to enable the traceability of plastics on blockchain and to  ensure that the use of sustainable materials in Porsche cars can be proven. By digitizing  materials Circularise was able to create a digital thread through the whole supply chain,  enabling material traceability, tracking the CO2 footprint and other sustainability metrics like  water savings. 

Getting information from supply chains has always been a challenge. Not only because of the  inherent complexity of the supply chains and the multitude of suppliers, but also due to concerns  around trust, privacy and confidentiality. That is why blockchain is offering such a fitting solution to transparency challenges in supply chains. “We believe transparency should not come at the  cost of reduced privacy and confidentiality. That is why we developed our patent pending  technology for creating verified statements on public blockchains without revealing any  underlying sensitive data. While this raw data is very valuable in a B2B setting, consumers  demand a more distilled and interactive version. We are proud to present exactly that in  collaboration with Porsche and some of their pioneering suppliers,” says Mesbah Sabur.  

Porsche has a large number of suppliers providing parts to its cars but it doesn’t stop the  company looking for more information about the materials that go into its cars. According to  Antoon Versteeg, Project Lead Innovation Research at Porsche, “We need to know more details  on the parts and materials being used in our products, that means information on production  processes deep down the supply chain, statements of recycled content and more. With the help  of Circularise, as well as with the help of their partners we were able to trace for a number of  specific cases plastics from raw material production to the final car.”

A number of suppliers who can deliver sustainably produced materials for the automotive  industry were involved in this project to realise the final outcome. Each batch of material was  digitized on the blockchain receiving a digital copy called digital twin. The digital twin carries all  relevant information regarding the batch, such as its environmental footprint and origin. This  digital thread created transparency between project partners leading to an improved supply  chain collaboration.  

This also offers great advantages to the material manufacturers. According to Thomas Nuyts,  Director of Global Product Management at Domo Chemicals, “as leader in the production of  sustainable polyamides, we at Domo can only gain by making the supply chain more  transparent. By tracking our materials, we will make a huge step ahead in supporting the  automotive industry in its sustainability challenges. Besides providing recycled solutions from  current sources we also aim to enlarge this loop and find new raw materials for our products to  meet the mobility needs of today and tomorrow.” 

However, the companies cannot simply create a digital twin. First, the batch of materials needs  to be audited by an independent third party to verify that the material and related claims are  true. “Verification is essential. Even with a supply chain involving blockchains we want  independent auditors for our system. And this is how we gain the trust and confidence of all our  value chain members. Several years from now, after these systems are in place on a wider  scale, things will have been standardized. For now, it’s still early days. Auditors and  certifications are essential to ensure that no one can engage in greenwashing. But we really  need to pick up the pace as we keep moving towards more circularity,” says Christopher  McArdle, Borealis Vice President Polyolefin Strategy and New Business Development. 

Once the materials are digitized, the parties along the supply chain can now update the digital  twin mimicking the physical supply chain and reflecting the manufacturing processes along the  lifecycle of the product. Due to Circularise’s “Smart Questioning” technology this process can  happen while preserving everyone’s privacy regarding their identity and business relations and  protecting confidential information.  

Burkhard Zimmermann, Head of Resin, Digital Transformation & Sustainability at Covestro’s  Polycarbonates segment: “For us, it is really important to share information and be more  transparent while maintaining confidentiality. For instance, the material composition is of  competitive advantage so we would never share that openly. Here, Circularise helps us to  maintain this confidentiality and only disclose the information needed from raw material  producer to recycler. And with that, we can close the loop.” 

Not only this approach helps car manufacturers to make better decisions for the next  generations of vehicles and support end-of-life recycling approaches, it also helps final  consumers to learn more about their vehicle and its origins, enabling them to make more  sustainable choices. Ultimately reducing the environmental impact across the whole value  chain.

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