EuPC and Circularise Plastics collaborate to further develop the digital platform to monitor the rate of the plastics recycling activities in Europe • EuPC, Circularise, Covestro and Domo Chemicals aim to bring together stakeholders that can contribute to the development of the MORE and Circularise platforms • Signatories will cooperate in the development of an improved digital platform to monitor the rate of the plastics recycling activities in Europe using blockchain technology • In the coming months, the aim is to test this digital platform with interested parties throughout the plastics value chain EuPC, the European Plastics Converters Association, partnered with the Circularise Plastics Group, currently composed of its members Covestro, Domo Chemicals and Circularise, to cooperate in the development of the tool to monitor the use of recycled plastics by converters in Europe. In the context of the EU Plastics Strategy, the European Commission has launched a pledge to increase the use of recycled content to 10 million tons by 2025. To address this, Circularise Plastics Group launched an “Open Standard for Sustainability and Transparency” based on blockchain technology & Zero-knowledge Proofs. While EuPC set up a tool to collect the use of recyclates by converters, against their production. The tool is called MORE, Monitoring Recyclates for Europe. MORE is meant to ensure that faithful and consistent collection, through a common approach, on the use of recyclates is achieved by converters that will feed the surveys contained in MORE. The volumes reported in MORE are steadily growing every month and new plastic converting companies will join the system in the years to come. “With the development of the MORE platform, EuPC emphasised the importance of creating an efficient infrastructure for monitoring the flow of
Circularise helps us to maintain this confidentiality and only disclose the information needed from raw material producer to recycler. And with that, we can close the loop.
Circular economy requires increased supply chain transparency. Becoming transparent towards customers and regulators can be difficult. We guide you through this process - with Circularise your SDG efforts become visible to everyone, while your confidential data remains a secret.