Page 57 - Plastics News August - 2023

BUSINESS NEWS

SABIC and Circularise launch project to improve traceability of materials
mapping emissions, especially Scope 3
emissions, will allow SABIC and oth-
ers to identify and minimize hot spots
along the value chain, a critical tool in
our pathways to decarbonization. We
encourage other upstream and down-
stream partners to join and consider
how this technology can unlock sus-
tainable growth at every level moving
forward.” “We're proud to collabo-
rate with SABIC in tackling the pivotal
challenges of Scope 1, 2, and 3 emis-
sions accounting, which encompass
ABIC has launched a pilot project a consistent methodological and re- issues like information accessibility,
Swith Circularise, a blockchain soft- porting framework accepted by the confidentiality, and scalability of data
ware provider, to evaluate the use of industry. Scope 1 and Scope 2 data sharing among suppliers,” said Mes-
their technology in tracing the carbon captured at the material level can be bah Sabur, Founder of Circularise. “As
footprint of specific material streams used to generate Scope 3 CO2 emis- part of this project, Circularise aims
from end to end across the value sions for the full value chain of target- to pilot blockchain-powered digital
chain. ed industries. In addition to increased product passports and help busi-
According to the company, generat- transparency, the use of Circularise’s nesses to track product emissions on
ing and reporting Scope 3 emissions Smart Questioning technology will a large scale and over time, generat-
is notably complex and confronted by aim to benefit SABIC’s entire value ing comprehensive product life cycle
challenges with availability of reliable chain by reducing the administrative emission reports."
data. Accurate data on a company’s efforts associated with the data collec- Earlier this year, SABIC joined To-
carbon footprint requires collabora- tion and providing access to upstream gether for Sustainability (TfS), a pro-
tion and data sharing across multiple and downstream data provided by curement-driven initiative created by
value chain partners. It is also claimed value chain participants, from recy- chemical companies with the goal of
that Blockchain technology has clers to converters to original equip- assessing, auditing, and improving
emerged as a potentially efficient so- ment manufacturers, among others. sustainability practices within their
lution to improve the process that can “This blockchain pilot project reaf- supply chains. As a member of TfS,
bolster transparency and accountabil- firms SABIC’s dedication to accelerat- SABIC claims it will foster collabora-
ity while minimizing risk across supply ing the sustainable transformation of tion around increasing transparency
chains. our industry through strategic part- in upstream value chains to support

SABIC’s project will employ Circular- nerships and innovative new technol- further reductions in Scope 3 green-
ise’s technology to capture emissions ogies,” said Waleed Al-Shalfan, Vice house emissions.
across the value chain by deploying President of Polymers Technology
& Innovation at SABIC. “Accurately

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August 2023 PLASTICS NEWS
August 2023