Chemical company BASF has signed a binding joint development agreement with Security Matters to develop solutions for plastics traceability.
Plastics have unique characteristics and – when handled properly – they could contribute to a more sustainable and resource efficient future. However, recycled plastic loses the mechanical performance properties due to polymer degradation and residual impurities.
A digital twin
The partnership between BASF and Security Matters is said to hold the answer to this issue. Security Matters will contribute its technology to enable physical and digital tracking of closed loop recycling. Its track and trace solution marks physical objects with a unique and unalterable chemical-based barcode and connects them to a digital twin.
The barcode withstands manufacturing and recycling processes, without altering the appearance or performance of the object. Using proprietary technology, the barcode captures a wide variety of information embedded in the plastic and can be used to authenticate sustainability claims and greatly enhance sorting accuracy.
Besides, the collaboration leverages BASF’s extensive experience in plastic additives, regulatory know-how, and understanding of the plastics value chain. Both companies will also combine their research & development capabilities and required resources as part of the agreement.
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