Page 47 - Plastics News April 2020

Domo, Covestro and BASF team up to test block Reliance Industries Announces Rs. 500 Crore
chain for tracing Plastics
hree firms Domo, Covestro
Tand BASF are aiming to
create open data-sharing
application that chemicals and
plastics producers can use to
inform circular production
p r o c e s s e s . B l o c k c h a i n
technology has been proposed
- and is being piloted - for all
manner of supply chain applications, particularly for
verifying the provenance of source of materials,
commodities, food or goods. And now two European
companies, polyamide supplier Domo and polymer
manufacturer Covestro, are collaborating with Dutch
technology startup Circularise to create a system for
tracking plastics. The ultimate goal is to create an
open standard for sharing data about where resins or
materials originate - information that's important for
moving to circular production models that help the
plastics industry increase the use of recycled content
and decrease the use of virgin plastic. The three
companies have created a consortium dubbed
Circularise Plastics to develop and pilot the system.
They're encouraging other companies to become
involved, and have already presented the technology
to BASF and its customer Stanley Black & Decker as part
of the US chemical company's Circularity Challenge
accelerator program, which is run by Greentown Labs.
"Having this standard would improve transparency
throughout the whole plastics value chain," wrote a
spokesperson for Domo, in response to emailed
questions. "It will also make providing evidence of
provenance for an object, as well as communication of
such information as recycled content, audit reports
and certificates to our customers and end consumers a
lot easier."In a statement, Burkhard Zimmermann,
head of strategy, sustainable and digital for Covestro
Polycarbonates, added: "For materials suppliers,
processors and molders, participation means increased
material value and trust in your production. For
[original equipment manufacturers] and brand owners,
it helps on the road to achieving sustainability targets
and a strengthened brand position."
APRIL 2020 44
Contribution to PM CARES Fund
eliance Industries Ltd.
R(RIL) has announced a
donation of Rs. 500 crore
to PM CARES Fund in
response to the call by the
Prime Minister to support
the nation's fight against
the Coronavirus onslaught.
RIL also informed that in addition to the financial
contribution to the PM's Fund, the company has also
provided contributions of Rs. 5 crore each to the
governments of Maharashtra and Gujarat to support
their fights against the Covid-19. RIL also continues its
24x7, multi-pronged, on-the-ground effort to do its bit
to ensure the nation remains prepared, fed, supplied,
safe, connected and motivated to fight and win
against the unprecedented challenges brought upon
by the Coronavirus pandemic. RIL has already
deployed the strengths of the Reliance Family on this
action plan against COVID-19. RIL and its motivated
team have stepped up in the cities and villages, on
roads and lanes, clinics and hospitals, grocery and
retail stores, and it has pressed additional capabilities
into the service of the nation. RIL and Reliance
Foundation is leading with a significant effort that
encompasses several initiatives. These include:
Contribution of Rs. 500 crore to the PM-CARES Fund
Contribution of Rs. 5 crore to the Chief Minister's
Relief Fund of Maharashtra, Contribution of Rs. 5 crore
to the Chief Minister's Relief Fund of Gujarat, India's
first 100 bed exclusive Covid-19 Hospital geared up in
just two weeks to handle
Covid-19 patients, Thousands of PPEs daily for health-
workers and caregivers, Fifty Lakh free meals in the
next 10 days across the nation and scaling up rapidly to
more meals and newer areas, One Lakh masks daily for
health-workers and caregivers and many more.
Plastics News