Neste has announced a partnership with Circularise to bring the Dutch startup’s traceability software into circular polymers and chemical supply chains.
The two companies say they are collaborating in establishing digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain.
As part of the collaboration, the companies will use Circularise’s blockchain-based supply chain traceability software to create a digital twin for the physical material. Neste says each twin stores information on the used materials throughout the value chain, enabling all value chain parties to keep track of the material.
Data-based supply chain visibility can strengthen trust in sustainable solutions, Neste says.
It’s usually very easy to claim sustainability, but very often, it’s not easy at all to back these claims.
Neste says the digital twin will allow them to verify where materials come from and how and where they were processed, as well as sustainability data such as the carbon footprint of the materials or products made from them.
Vice President Strategy Execution & Marketing at Neste Renewable Polymers and Chemicals, Isabella Tonaco, said: “It’s usually very easy to claim sustainability, but very often, it’s not easy at all to back these claims.
“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 main purpose of the collaboration is the aim to increase visibility and trust, Circularise says they also prioritise confidentiality.