BASF invests in Oceanworks to accelerate plastics recycling
29/03/2022
US-based Oceanworks offers a platform for sourcing ocean, ocean-bound and averted post-consumer plastic and using digitised blockchain-based traceability.
The two companies are joining forces to promote the development of technologies that accelerate plastics recycling.
BASF co-founded the Alliance to End Plastic Waste at the start of 2019, saying the collaborative effort of companies, governmental, non-governmental organisations and the public is necessary to address the global challenge of mismanaged plastic waste.
Dr Martin Kayser, senior vice-president of corporate projects at BASF, said: “To protect our planet’s resources, we need to transform the way we live and do business. Oceanworks is a great addition to achieve our ambitious targets.”
Share this story:
