Eastman Chemical Co. is working with expertise agency SAP SE on a mission that might enable licensed recycled content material to be traced throughout the worth chain.
GreenToken by SAP makes use of blockchain expertise to offer visibility by way of the worth chain of sustainable merchandise, such because the specialty plastics made with Eastman’s molecular recycling applied sciences.
Via knowledge transparency enabled by blockchain, the platform is designed to provide manufacturers and shoppers traceable info of sustainable attributes of merchandise, officers with Eastman in Kingsport, Tenn., mentioned in a information launch. That features merchandise’ share of licensed recycled content material.
“Our goal is to assist innovate an answer for the trade,” Chief Data Officer and Vice President Aldo Noseda added. “Via this collaboration, we are going to work with trade leaders, worth chains and types to construct traceability of sustainable merchandise from origin to shoppers.”
Officers with each companies realized throughout preliminary discussions that the brand new expertise may be an necessary enabler of the round economic system.
“The flexibility to offer manufacturers with auditable proof that their merchandise have been made with waste plastic recycled by way of molecular recycling is usually a turning level for the round economic system,” GreenToken co-founder James Veale mentioned.
“Teaming up with Eastman, we purpose to supply transparency throughout the availability chain so clients and shoppers can select extra sustainable merchandise,” he added.
Eastman has commercialized two molecular recycling applied sciences that produce Eastman Renew supplies already adopted by main manufacturers. Eastman’s processes are licensed and audited beneath Worldwide Sustainability and Carbon Certification (ISCC) requirements, officers mentioned, so the GreenToken answer “will deliver an additional layer of transparency to Eastman’s round options.”
In January, Eastman introduced plans to construct what officers mentioned will likely be one of many world’s largest plastics-to-plastics chemical recycling amenities, which Eastman calls molecular recycling. Building was set to start by the center of 2021 in Kingsport. Mechanical completion is anticipated to be carried out by the top of 2022.
Eastman will spend a complete of $250 million on the recycling mission in 2021-22. The plant will have the ability to use low-quality and low-cost feedstocks, with the product combine upgraded over time. The finished mission then will have the ability to produce 330 million to 440 million kilos of polymers per 12 months.
SAP, which primarily based in Walldorf, Germany, is a market chief in enterprise software program. The agency employs greater than 100,000 worldwide and posted gross sales of greater than $32 billion in 2020.
Eastman makes Tritan-brand copolyester, in addition to different specialty plastics and chemical compounds. The agency employs 14,500 worldwide and posted gross sales of $8.5 billion in 2020.