Tokyo, Japan-DIC Corporation announced today that it has partnered with SAP SE to undertake a pilot project using blockchain technology1 in the construction of a waste plastics traceability system that will advance the recycling of plastic resources.
DIC produces and sells polystyrene, which is used widely in containers for food products, among others. As part of its sustainability program, the Company promotes efforts to achieve greater circularity in the market for food packaging, a major focus. In November 2020, DIC announced plans to collaborate with another company in the practical implementation of a closed-loop recycling system for polystyrene that maximizes the technologies, as well as the collection and recycling configurations, of both companies. This system employs chemical recycling technologies to enable the conversion of collected post-consumer foamed polystyrene containers not suitable for material recycling back into styrene monomer, polystyrene's precursor, thereby...
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