Project to help strengthen transition to a circular economy through tracking and traceability of critical materials aligning with sustainable practises
Den Haag, The Netherlands, 8 February, 2022: Circularise partners with BEC GmbH, Grundfos, Minviro, and the global Rare Earth Industry Association (REIA) to lead a three-year EIT RawMaterials funded innovation project to build a blockchain based Circular System for Assessing Rare Earth Sustainability (CSyARES). This will help companies improve transparency and sustainability of their supply chains when it comes to critical and rare earth materials.
Demand for rare earth metals is skyrocketing and by 2030 it is projected to reach 315,000 tonnes (1). These rare-earth metals are irreplaceable in wind turbines, electric vehicles, mobile phones, computers and the defence industry. Rising demand combined with resource shortages and supply chain disruptions means we need to rely on sustainably mined and processed metals.
The transition to a circular economy is considered crucial and governments around the world incentivise companies to uptake e-waste recycling and other sustainable practises with new regulation. As highlighted by the European Raw Material Alliance (ERMA) Action Plan, boosting supply security through better cooperation among stakeholders is a top priority. For rare earth metals suppliers, this means not only becoming more sustainable but also proving their compliance and quality criteria to customers and regulators.
Developing an innovative CSyARES is key in achieving these goals. In this project, the partnering organisations, including Circularise aim to:
Commenting on this announcement, Jordi de Vos, Circularise’s Founder, said “With CSyARES, we see a big potential in developing solutions for suppliers, brands, and industry as a whole to measure, understand and reduce the climate impact of Rare Earth Metals. As corporations and governments work toward a sustainable future, climate supply chain traceability software that leverages data and blockchain to measure environmental impact can help increase the secondary resource efficiency and accelerate transition to a circular economy.”
This project will contribute to the circular economy transformation in the rare earth elements, electric and electronic equipment, automotive, and all other sectors that depend on rare earths. It will create new business opportunities for manufacturers and recyclers and allow downstream players to ensure sustainable practises throughout their supply chains.
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About BEC Gesellschaft für Produktmanagement mbH
BEC has been established in 1992 with focus on the European market for high quality permanent magnet materials and magnet systems. BEC develops customized magnetic solutions for different types of industries, with focus on sintered NdFeB permanent magnets. Due to strong inhouse developed materials, like the NdFeB TERRAMAG® family, BEC is a reliable partner for industrial, medical and automotive projects, with a strong network, headquarter in Germany and branches in China and Korea.
About Circularise
Circularise is a supply chain traceability and transparency start-up founded in The Netherlands in 2016. Circularise’s Software system enables supply chain actors to trace materials and products on blockchain and share such sensitive data as origins, certificates, Co2 footprint, and impact assessment across supply chains without risking privacy and confidentiality.
About EIT
Minerals, metals and advanced materials are key enablers to achieve the objectives of the European Green Deal. Today, only a fraction of the most relevant raw materials is produced in Europe. This can be changed through a circular economy approach, through innovation in recycling, substitution, processing, mining, and exploration. It is the objective of EIT RawMaterials to secure a sustainable raw materials supply by driving innovation, education, and entrepreneurship across European industrial ecosystems. EIT RawMaterials provides a collaborative environment for disruptive and breakthrough innovations by connecting business with academia, research, and investment. It also invests in future generation of innovators for the raw materials sector through initiatives ranging from education of school students to higher qualifications for industry professionals. EIT RawMaterials is an Innovation Community within the European Institute of Innovation and Technology (EIT).
About Grundfos
We pioneer solutions to the world’s water and climate challenges and improve quality of life for people. As a global pump and water solutions company we provide expertise in energy- and water efficient solutions and systems for a wide range of applications, including water utility, water treatment, industries and buildings.
About Minviro
Minviro is a consultancy and technology company that focuses on a stronger integration of life cycle assessment in the mining, metals and recycling industries. The developed software as a service platform MineLCA can be used to quantify environmental impacts associated with production routes or processes in the raw materials space, in addition to identifying impact mitigation opportunities. Minviro is currently also developing a Product Category Rule to ensure harmonisation and repeatability of life cycle impact studies along the rare earth value chain
About the global Rare Earth Industry Association (REIA)
The global Rare Earth Industry Association (REIA) is a global association aiming to enable sustainable, responsible, collaborative and transparent Rare Earth Value chains, from mining to recycling. REIA provides a platform for stakeholder networks, conducts research and develops strategies and supply chain standards. In the project, REIA will provide knowledge on the supply chain stakeholders and processes. Furthermore, it will further develop its own standard and engage stakeholders in the demonstration.
www.global-reia.org
Press Contacts
Igor Konstantinov
Head of Marketing
press@circularise.com