Today Dutch blockchain startup Circularise announced a €1.5 million ($1.8m) funding through the EU’s Horizon 2020 program. The startup tracks plastics from the initial resin to the end product, including any additives along the way.
It enables brands to trace the product’s origin and establish the environmental impact. The data is also critical to the recycling process. Earlier this year Circularise worked with major plastics company Covestro and DOMO Chemicals.
“This funding shows that the EU Commission is ready to invest in emerging technologies that can enable real growth in the circular economy space,” said Circularise founder Jordi de Vos.
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