Circularise has announced a joint project with ISCC, bringing together material suppliers, original equipment manufacturers (OEMs), brands, and trading companies to test a public, blockchain-based digital system, with the aim of supporting transparency and data integrity for mass balance certification.
The scheme includes material suppliers Neste, Asahi Kasei, Borealis, Trinseo, and Shell; OEMs and brands Arcelik, Philips Domestic Appliances and EVBox; and trading companies Marubeni and Itochu. According to Circularise, this is the first time 10 chemical industry players and appliance companies have collaborated to test blockchain-based digital systems as a complement to the certification process for mass balance.
Circularise explains that certification schemes can enable a mass balance system, facilitating the gradual switch towards the replacement of fossil feedstocks with renewable and recycled raw materials while enabling the use of existing infrastructure and equipment instead...
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