Yesterday BASF unveiled a new pilot blockchain for recycling plastics, reciChain. The novel pilot is launching in Canada’s British Columbia following an earlier pilot in Brazil.
Deloitte research found that Canada produced 3.3 million tones of plastic waste in 2016, of which only 11% was recycled. At the current rate, Canadians will annually dispose of $11 billion of plastic materials by 2030.
BASF has a novel approach to the recycling process, which involves a series of badges that will help recyclers with mechanical sorting of collected plastics because the badges can be scanned.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
