Green news: Teijin to invest in Circularise; Abundia selects Texas as site for recycling plant

Japanese chemical firm Teijin Limited announced that it will invest in Netherlands-based Circularise B.V., a company which develops product traceability management systems using blockchain technology. Teijin will also implement Circularise’s software to improve visibility into its global supply chain. Circularise’s proprietary “Smart Questioning” solution, which utilises Zero-Knowledge Proof (ZKP) technology, provides both anonymity and transparency to ensure a highly reliable product traceability system, it adds.

Teijin will leverage Circularise’s digital traceability platform to enhance the transparency and reliability of its supply chain. This platform will enable the company to procure raw materials with lower environmental impact that contribute to the development of new, sustainable products and services. Teijin aims to promote efficient and effective resource utilization across its entire supply chain. This initiative will help the company reach its goal of carbon neutrality by 2050.

Circularise's digital traceability platform allows organizations to track the history, location, composition and application of a product or material throughout the supply chain to the point of origin. It will empower Teijin with trustworthy, verified information from suppliers about the carbon emissions associated with their products to support regulatory compliance and auditing.

“We believe that, together with Teijin, we can set a benchmark for industry-leading examples of the circular economy, delivering scalable and rapid solutions to the market,” said Jordi de Vos, co-founder of Circularise. “We are honoured to welcome Teijin Group as a strategic investor. This collaboration reflects our shared vision for a transparent, traceable, and sustainable supply chain. We look forward to this collaboration to further propel our mission and strengthen our market presence.”

“As a leading company in high performance materials, we at Teijin are actively increasing our efforts to become more circular,” said Ton de Weijer, general manager of the Environment Solution Division at Teijin “The investment in Circularise will enable us to cooperate with a leader in the field of traceability and to create an environment that will support us in setting the right steps forward.”

As the world works toward achieving carbon neutrality by 2050, in Europe, the introduction of mandatory Digital Product Passports (DPPs) aims to enable comprehensive tracking of the production, usage, and disposal of products. The adoption of digital traceability platforms, which facilitate product and material traceability, will be a critical component in realising the vision of a circular economy.

In other news, US-based Abundia Global Impact Group, a technology company focused on circular solutions and sustainability, announced it has entered into definitive agreements to acquire a 25-acre site from TGS Cedar Port Partners. The site is located within Cedar Port Industrial Park, in the Baytown area of Houston, Texas. Terms of the agreement were not announced publicly.

Abundia will site its first plastics recycling plant in Texas using Alterra's recycling technology, which Abundia has a licensing agreement to operate since 2021. The facility will transform plastic waste into pyrolysis oil but Abundia did not provide capacity details.

Abundia envisions the site as its US hub for recycling, renewable, and circular technologies, as well as a centre for co-location with complementary technology development.

“Since its formation, Abundia has strived to not only find and create the best technology solutions for the renewable industry, but also, to ensure that we locate these solutions in strategic locations. Cedar Port Industrial Park is a world class enterprise capable of providing Abundia with an ideal location with use of established distribution channels via its rail, shipping and road networks. This accessibility made the site a standout for Abundia’s first recycling and renewable hub”, stated Ed Gillespie, CEO of Abundia Global Impact Group. “We are excited to begin development in 2025, with plans to rapidly expand alongside Alterra to other locations across the US and Europe.”

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