TAGS:
Sustainability / Natural Solutions
Mitsui Chemicals, IBM Japan and Nomura Research Institute have agreed to establish a consortium to realize a resource circulation society. Planned activities at the consortium include supporting field tests using a resource circulation platform, holding study groups sessions joined by multiple companies, sharing insight and information gained through the consortium, and offering advice to entities both inside and outside of the consortium.
Companies Seek to Build an Open Relationship
The three companies also seek to build an open relationship with other groups, and seek to realize a resource circulation society.
Mitsui Chemicals and IBM Japan launched collaborative efforts this April to build a circulation platform using blockchain technology for ensuring the traceability of materials—a hurdle to clear on the way to achieving a resource circulation society. To accelerate and expand these initiatives, these two companies have now joined NRI with the aim to establish a consortium. The consortium seeks to implement traceability to promote the distribution of
recycled materials in the market, and to build a recycling society. To this end, it plans to carry out the activities given below.
Aims:
- Promote the use of recycled plastic materials based on traceability
- Encourage collaboration and support among stakeholders involved in resource recycling
- Build an incentive system for people and companies that contribute to resource recycling
Activities:
Planned activities include supporting field tests using a resource circulation platform, holding study groups sessions joined by multiple companies, sharing insight and information gained through the consortium, and offering advice to entities both inside and outside of the consortium.
Roles:
The three companies will collaboratively run the consortium, and plan to engage in activities where they can demonstrate their strengths.
Masao Sambe, executive officer, digital transformation division, Mitsui Chemicals, "
We announced this April that we will build a plastic material circulation platform for solving the key social challenge of recycling, and to thereby achieve the central goal in our 2030 Long-Term Business Plan of being a company that solves social challenges.”
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We have finished a prototype, and we are accelerating efforts toward establishing a platform. By establishing this consortium, we will take the lead in sharing methods and experience and in refining systems and infrastructure while working across different industries."
Going forward, Mitsui Chemicals, IBM Japan, and NRI will utilize their individual strengths and engage in collaborative efforts to realize a society that circulates plastics and other materials.
Source: Mitsui Chemicals