SAP and DIC pilot GreenToken by SAP blockchain solution for plastic waste recovery
- Written by The Bulletin
SINGAPORE - Media OutReach - 8 July 2022 - SAP APJ today announced that Japanese chemicals company DIC Group is launching a pilot of GreenToken by SAP, using blockchain technology to boost sustainable outcomes and increase circularity in the chemicals industry by better recovering waste plastics.
DIC, one of Japan’s 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’s 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.
The pilot project with DIC will use GreenToken by SAP 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.
GreenToken by SAP 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, GreenToken by SAP 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.
“Strong consumer awareness about circular economy has increased the demand for sustainable packaging,” said Yuji Morinaga, Executive Officer and General Manager of the Packaging Materials Product Division of DIC. “The 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.”
James Veale, GreenToken by SAP's co-founder, said “Chemical 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.”
Following the pilot, DIC and GreenToken will continue to partner to support DIC’s focus on increasingly urgent social imperatives and realising a sustainable society.
Visit the SAP SEA newsroom for more information.
Hashtag: #SAP
About SAP
SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2021 Annual Report on Form 20-F.
© 2022 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
