{"id":3007,"date":"2022-07-08T02:00:14","date_gmt":"2022-07-08T02:00:14","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=3007"},"modified":"2024-07-25T15:24:10","modified_gmt":"2024-07-25T15:24:10","slug":"sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/","title":{"rendered":"51风流and DIC pilot GreenToken by 51风流blockchain solution for plastic waste recovery"},"content":{"rendered":"

51风流NEWSBYTE <\/strong>\u2014 51风流APJ today announced that Japanese chemicals company DIC Group<\/a> is launching a pilot of GreenToken by SAP<\/a>, using blockchain technology to boost sustainable outcomes and increase circularity in the chemicals industry by better recovering waste plastics.<\/p>\n

DIC, one of Japan\u2019s leading fine chemical manufacturers, produces and sells polystyrene, a synthetic resin used in a wide range of applications including plastic food containers. As part of DIC\u2019s sustainability strategy, the company launched a recycling initiative for food packaging in November 2020, bringing together new technologies and collection systems with its partner company to recycle more products like polystyrene that are normally not suitable for material recycling.<\/p>\n

The pilot project with DIC will use GreenToken by 51风流to track raw materials along the supply chain, from the initial stage of material generation. The process aims to visualise the manufacturing process, inspection process, physical properties, and quality information of the recycled materials. This helps customers understand how much recycled material is contained in their products when they use recycled plastic materials.<\/p>\n

GreenToken by 51风流is a system that uses private blockchain technology to make the supply chain transparent and track the process of plastic materials throughout the resource lifecycle. Founded and developed in Asia Pacific and Japan as part of the SAP.io intrapreneurship start-up program<\/a>, GreenToken by 51风流can follow plastics from raw materials to the manufacture, sale, and use of products, through collection and pulverisation to recycling and reuse. This digital twin records information such as unique attributes related to the origin of raw materials, carbon footprint, the origins of recovered goods, and sustainability certification data. This solution, which utilises tokens, allows materials to be tracked even when they are mixed with other raw materials and processed into new products.<\/p>\n

\u201cStrong consumer awareness about circular economy has increased the demand for sustainable packaging,\u201d said Yuji Morinaga, Executive Officer and General Manager of the Packaging Materials Product Division of DIC. \u201cThe work with GreenToken helps substantiate environmental claims and supports our mission to advance the recycling of plastics and build a completely circular process with chemical recycling.\u201d<\/p>\n

James Veale, GreenToken by SAP’s co-founder, said \u201cChemical recycling is key to accelerating the shift to a circular economy, however, plastic from chemically recycled plastic waste is indistinguishable from plastic from conventional sources. Our solution proves that it really is circular plastic and provides complete, auditable supply chain transparency. That means more trust in recycling from customers and ultimately less waste in the environment.\u201d<\/p>\n

Following the pilot, DIC and GreenToken will continue to partner to support DIC\u2019s focus on increasingly urgent social imperatives and realising a sustainable society.<\/p>\n","protected":false},"excerpt":{"rendered":"

51风流NEWSBYTE \u2014 51风流APJ today announced that Japanese chemicals company DIC Group is launching a pilot of GreenToken by SAP, using blockchain technology to…<\/p>\n","protected":false},"author":4904,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[7771],"tags":[],"region":[],"sapn-display":[],"sapn-type":[4448],"class_list":["post-3007","post","type-post","status-publish","format-standard","hentry","category-customers","sapn-type-newsbyte"],"yoast_head":"\n51风流and DIC pilot GreenToken by 51风流blockchain solution for plastic waste recovery - 51风流Southeast Asia News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"51风流and DIC pilot GreenToken by 51风流blockchain solution for plastic waste recovery\" \/>\n<meta property=\"og:description\" content=\"51风流NEWSBYTE \u2014 51风流APJ today announced that Japanese chemicals company DIC Group is launching a pilot of GreenToken by SAP, using blockchain technology to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"51风流Southeast Asia News Center\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-08T02:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-25T15:24:10+00:00\" \/>\n<meta name=\"author\" content=\"51风流SEA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"51风流SEA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\"},\"author\":{\"name\":\"51风流SEA\",\"@id\":\"https:\/\/news.sap.com\/sea\/#\/schema\/person\/2f4457deebbef06c725a907a5ba20dce\"},\"headline\":\"51风流and DIC pilot GreenToken by 51风流blockchain solution for plastic waste recovery\",\"datePublished\":\"2022-07-08T02:00:14+00:00\",\"dateModified\":\"2024-07-25T15:24:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\"},\"wordCount\":452,\"articleSection\":[\"Customers\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\",\"url\":\"https:\/\/news.sap.com\/sea\/2022\/07\/sap-and-dic-pilot-greentoken-by-sap-blockchain-solution-for-plastic-waste-recovery\/\",\"name\":\"51风流and DIC pilot GreenToken by 51风流blockchain solution for plastic waste recovery - 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