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Security Matters and BASF recently signed a binding agreement to jointly develop solutions for plastics traceability and recycling
.
In this collaboration, Security Matters will leverage its patented technology to enable online and offline tracking of closed-loop recycling, verify sustainability claims and optimize the sorting of plastic waste
.
At the same time, the cooperation will leverage and leverage BASF's extensive experience and expertise in plastic additives, regulatory regulations and other fields, as well as a deep understanding of the plastic value chain
.
As part of the agreement, the two companies will also combine their strengths and advantages in R&D and resources to achieve win-win cooperation
.
Security Matters' Track & Trace solution will tag physical items with unique, immutable chemical barcodes and link
.
even
.
Achim Sties, Senior Vice President, Performance Chemicals, BASF Europe, said: “We are jointly developing an innovative technology that will capture polymer information and track plastics throughout the production and distribution process
.
Where plastic goes throughout the production and sales process
.
to promote the recycling and sustainable development of plastics
.
