BASF’s New Pilot Blockchain Platform to Recycle Plastic Launched in Canada

BASF has recently launched its pilot platform recichain in the province of British Columbia (BC), Canada, as a response to one of the most pressing environmental challenges – plastic waste. The pilot project will introduce a more sustainable alternative to the linear economic model, reducing plastic waste, maximising its value and enhancing resource efficiency. “There is a clear global challenge around the economics of recycling plastic. Much of the collection and sorting activities are challenged by manual processes and material contamination. Additionally, traceability is a concern as new commitments start to emerge from brand owners and retailers,” said Marcelo Lu, President, BASF Canada. “With recichain, our goal is to revitalise the value of plastics and significantly improve circularity in the supply chain.”