Teijin Group, Circularise to Partner on Supply Chain Traceability
More on Blockchain Technology for Sustainability
Teijin Group, a producer of performance materials and healthcare solutions, has invested in Circularise, the blockchain-based platform for supply chain transparency and traceability. The two companies will partner to enhance transparency and sustainability within global supply chains.
According to a press statement, Teijin’s investment will facilitate Circularise’s expansion in high-performance materials and broader industrial markets.
The materials and manufacturing industries are facing a pivotal moment as they adapt to new and updated European Union (EU) regulations like the Ecodesign for Sustainable Products Regulation (ESPR), the Corporate Sustainability Reporting Directive (CSRD), and the enhanced Extended Producer Responsibility (EPR) directive. Such regulations emphasize the need for increased traceability and sustainability in supply chain practices.
Teijin Group said it is committed to achieving net-zero carbon emissions by 2050 through energy reduction, renewable energy adoption, and recycling systems under a circular economy approach. The collaboration with Circularise, which offers blockchain-based traceability solutions, aims to enhance transparency and trace material flows in the value chain to support sustainability and meet evolving standards.
What People are Saying
Jordi de Vos, co-founder of Circularise: “We believe that, together with Teijin, we can set a benchmark for industry-leading examples of the circular economy, delivering scalable and rapid solutions to the market. We are honored to welcome Teijin Group as a strategic investor. This collaboration reflects our shared vision for a transparent, traceable, and sustainable supply chain. We look forward to this collaboration to further propel our mission and strengthen our market presence.”
Ton de Weijer, General Manager of the Environment Solution Division at Teijin: “As a leading company in high performance materials, we at Teijin are actively increasing our efforts to become more circular. The investment in Circularise will enable us to cooperate with leaders in the field of traceability and to create an environment that will support us in setting the right steps forward.”
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Amanda Joshi
Managing Editor
Amanda Joshi has more than 18 years of experience in business-to-business publishing for both print and digital content. Before joining Chemical Processing, she worked with Manufacturing.net and Electrical Contracting Products. She’s a versatile, award-winning editor with experience in writing and editing technical content, executing marketing strategy, developing new products, attending industry events and developing customer relationships.
Amanda graduated from Northern Illinois University in 2001 with a B.A. in English and has been an English teacher. She lives in the Chicago suburbs with her husband and daughter, and their mini Aussiedoodle, Riley. In her rare spare time, she enjoys reading, tackling DIY projects, and horseback riding.