Last week Audi announced an ambitious pilot recycling project. It has partnered with 15 organizations to use recycled materials from old cars in new auto production without compromising quality. One of the 15 companies is Circularise, which uses blockchain as part of the recycling and traceability process for digital product passports.
“The MaterialLoop project underscores our ambitious vision to operate a highly efficient circular economy concept for end-of-life vehicles,” said Audi CEO Markus Duesmann. “It is our goal to recover as many materials as possible at a high level of quality and reuse them in production.”
With most recycling, materials are extracted and sold to third parties to be used for any relevant application. The difference here is that Audi wants to use its own recycled materials.
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