Read the full story in WasteDive.
The End of Waste Foundation (EOW), a California-based startup, is set to launch a software platform with blockchain technology that will track material from haulers to MRFs to processors to manufacturers. This will result in a certificate verifying tonnage, path to recycling and greenhouse gas emissions offset once the loop is complete.
Valued at $70 per ton, certificates can be purchased or partially funded by generators and others in the value chain. Up to $35 per ton will get shared among each entity involved – from haulers to manufacturers. A minimum of $20 will be dedicated to R&D. The remainder stays with EOW as a management fee.
EOW’s first official industry partner is Colorado-based Momentum Recycling. Paul Dolan Vineyards and others have also signed on. The foundation projects it can help achieve a 75% glass container recycling rate in the U.S. by 2030 if the concept is successful.