SMX’S technology utilised to enhance recycling approaches for brominated flame retardant materials
Security Matters Limited (ASX: SMX) (Security Matters or the Company), a company focused on digitising physical objects on the blockchain to enable the tracking and tracing of materials, is delighted to announce the International Bromine Council (BSEF), the North American Flame Retardant Alliance (NAFRA), and its member companies will use SMX’s technology to advance research and approaches that support the tracking and tracing of brominated flame retardants.
As part of its global Circular Economy Action Plan, BSEF and its member companies are engaged in several projects and studies to improve end of life recycling of materials containing brominated flame retardants (BFRs). BSEF, NAFRA and its member companies are supporting an exciting new approach to sorting and separating brominated flame retardants using a chemical-based hidden “barcode” system, alongside a unique “reader” to identify these codes. These codes will enable a blockchain record to be developed to store and protect ownership data. The technology for this project has been pioneered by Security Matters.
SMX’s marking technology will be used to differentiate current and new BFR technologies from the legacy BFRs chemistry.
JOEL TENNEY, BSEF BOARD MEMBER COMMENTS:
“Developing a technology that can rapidly differentiate new BFRs from old BFRs will dramatically increase recycling efficiency, provide a mechanism for traceability, and contribute to circular economy goals.”
HAGGAI ALON, FOUNDER AND CEO COMMENTS:
“For SMX this is a great opportunity to be an enabler on the journey of transforming base chemical production from a linear model to a sustainable model. This project is part of our belief that sustainability will be led by the industrials sector.
For further information, please contact:
PAC Partners Securities
P: 03 9114 7401
Media and Capital Partners
P: 04 1775 0274
Dr Kevin Bradley
Secretary General – BSEF
American Chemistry Council
About Security Matters Limited
Security Matters has commenced the commercialisation of its unique, patented technology that uses a hidden chemical-based ‘barcode’ to permanently and irrevocably ‘mark’ any object, be it solid, liquid or gas. The barcode is read using the company’s unique ‘reader’ to access the corresponding stored data, recorded and protected using blockchain technology.
Follow us through our social channel @secmattersltd
About BSEF – The International Bromine Council
BSEF – the International Bromine Council, is the global representative body for bromine producers and producersof bromine technologies. Originally founded in 1997, BSEF works to foster knowledge on the societal benefits of bromine and its applications. The members of BSEF are Albemarle Corporation, ICL Industrial Products, Lanxess and Tosoh.
Follow BSEF at Twitter @bromineinfo and LinkedIn.
About NAFRA – North American Flame Retardant Alliance
The American Chemistry Council’s North American Flame Retardant Alliance (NAFRA) was formed in March 2011 to serve as the lead advocacy organization in North America for flame retardant producers and users.
NAFRA members include: Albemarle Corporation, ICL Industrial Products, and Lanxess. For more information on NAFRA visit: https://flameretardants.americanchemistry.com/.