Colin Staub writes in Plastics Recycling Update about a platform that is looking to scale up plastic recycling.
- Matium has commercially launched a platform that digitizes many aspects of the plastics recycling trading business, connecting buyers and sellers like a social network.
- Beyond facilitating transactions, Matium’s platform provides data reporting tools that will be crucial as extended producer responsibility (EPR) regulations emerge requiring more data collection.
- Matium’s platform aims to create an anonymized transaction ledger providing insights on material supply and demand to help optimize recycling systems and supply chains.
- While currently focused on plastics, the company plans to expand to other recycled commodity materials over time.
“Founded in 2021 and in the trial stage since then, Matium recently commercialized its two key products: Network, which connects various stakeholders in the recycled plastics trading sector with a goal of simplifying buying and selling, and Core, an enterprise resource planning system that ‘automates all of the back of house operations and management’ for plastics recycling firms, the company stated in a recent announcement.”
Read the full article here.
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