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Klean Industries Inc has announced that it has partnered with Kodexe to develop further and implement the KleanLoop DApp Blockchain SAS platform that will be used to tokenise all waste and recyclables for the global marketplace.
Under the terms of the partnership, Kodexe has become a key shareholder of Klean Industries, which has developed the initial concepts for the Patent Pending KleanLoop process.
The partnership between the two firms is set to take Blockchain technology to new heights in applying the technology to waste recycling and resource recovery. The Minimum Viable Product (“MVP”), developed by Kodexe’s subsidiary, TdMbA International, is already well underway, and the second prototype was completed for beta testing in the second quarter of 2022.
The plan is to implement the fully functioning KleanLoop with Klean Industries’ flagship facility in Boardman, Oregon, which will recycle approximately 160 metric tonnes of waste tyres daily. When completed, this project is claimed to be the largest fully continuous tyre pyrolysis plant in North America, focused on producing high-quality Recovered Carbon Black (“rCB”) and Recovered Fuel Oil (“rFO”). Both tyre pyrolysis-derived products will be re-integrated for reuse directly back into the Carbon Black manufacturing supply chain with one of the world’s largest Carbon Black producers.
Klean and Kodexe are excited about the KleanLoop platform and its ability to create a fully transparent recycling and manufacturing marketplace. The Boardman plant will be the first tyre recycling project, for that matter, waste processing facility, on the Blockchain. It will feature a fully integrated track and trace programme for everything it receives and produces that will cross several supply chains, from scrap tyre collection to Recovered Carbon Black sales to the carbon emission offset produced by the project.
“With an increasingly regulated industry, data is the only way we can solve the global waste crisis. The industry needs true and accurate data on which we can rely. It is critically important that the industry becomes more compliant and sustainable, and the KleanLoop is the system we need that provides transparency throughout the entire supply chain. We are confident that this innovation is the solution that can and will achieve that,” said Jesse Klinkhamer, CEO of Klean Industries Inc.
“We are excited about our partnership with Klean Industries, and we share the same values and goals so that together we can make a real difference. Our mission has always been to challenge what is established with innovations using the digital sector to create transformative “systems change” for sustainability. We believe that digital disruptions, such as the KleanLoop blockchain platform, offers a key technology solution for solving climate change crisis and preventing further environmental degradation in a socially responsible society,” said Michael Nilsson Pauli, CEO of Kodexe and Technical Director of KleanLoop.