Improving materials traceability

A group including composite manufacturer Asahi Kasei has invested €11 million a Netherlands-based start-up that could help improve materials traceability.

The company, called Circularise, makes blockchain-based digital product passports that verify provenance assess carbon footprints and make impact assessments across materials supply chains, according to the group, which includes Neste, Brightlands Venture Partners and investor 4impact.

“There is an urgent need for new scalable, end-to-end digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chains,” said Lars Peter Lindfors, Neste senior VP.

“[We] expect to contribute to building a transparent supply chain as a supplier’s responsibility and shift to a circular economy by promoting utilisation of products made from biomass and recycled raw materials,” added Takashi Morishita, president of CVC at Asahi Kasei.