Finboot teams up with Cepsa Chemicals to streamline its supply chain The Block – Crypto News – Crypto News
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Finboot teams up with Cepsa Chemicals to streamline its supply chain The Block – Crypto News

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Finboot has launched a new digital ecosystem designed for Cepsa Chemicals, part of CEPSA group – an energy group committed to sustainable mobility, energy and chemicals with a history of investing in innovative technology to drive its business forward.

In early 2023, Cepsa Química announced NextLab, the world’s first sustainable linear alkylbenzene (LAB), used to manufacture biodegradable detergents for domestic use. Cepsa is the largest LAB producer in the world, and a pioneer in the production of biodegradable products and the development of safer and more environmentally friendly technologies. NextLab is the LAB produced with sustainable raw materials, such as palm and coconut oil; using the mass balance approach, with a reduced Greenhouse Gas (GHG) footprint.

CEPSA’s continuing partnership with Finboot, with its digital traceability solution, MARCO Track & Trace, is said to be aligned with CEPSA’s commitment to innovate and support sustainable mobility and energy.

MARCO Track & Trace has enabled Cepsa to implement an auditable and transparent ecosystem for the traceability of vegetable oil from source to its use in biodegradable surfactant production. Finboot’s digital traceability solution enables Cepsa to easily gather, verify and share enriched supply chain data. Cepsa can create and share fully auditable Digital Product Passports with evidence-backed claims on the sustainability of NextLab.

In this first phase of the project, Cepsa will use MARCO Track & Trace in two of its product lines, NextLab-R, which is produced from Puente Mayorga in Spain and from Camaçari in Brazil; and LAB Low Carbon (integrating low CO2 emissions), which is produced from Bécancour plant in Canada.

David Liras, director, Cepsa Chemicals said: “We partnered with Finboot because they are an experienced and innovative company in its sector. Its product enabled us to rapidly implement a digital traceability ecosystem powered by blockchain technology, which ensures that every step of our supply chain is securely recorded, enhancing our credibility and accountability. This innovation will help us to maintain our client’s trust in our renewable chemicals.

“We hope to gain significant value in our sustainable product traceability processes. These processes are being strengthened as part of our “Positive Motion” strategy, which aims to enable Cepsa’s customers and society to move to a more sustainable future. Finboot’s technology offers us many advantages in this regard, and it will help us scale use cases to other areas within our organisation quickly and easily.¨

Juan Miguel Perez, CEO and co-founder of Finboot, added: “Our partnership with Cepsa is another example of Finboot’s capacity to adapt our MARCO Track & Trace product to very complex global supply chains with unmatched speed and agility. Our solution will help strengthen Cepsa’s position as a world leader in the production of sustainable and circular chemicals.

“Our Digital Product Passports provide an excellent opportunity for Cepsa Chemicals to differentiate their products in the market and deliver additional value to their clients. Additionally, our capability to automate their Mass Balance record-keeping simplifies compliance and certification processes with minimum resource allocation.”

Finboot’s digital traceability solution, MARCO Track & Trace, simplifies supply chain workflows with blockchain assurance, redefines the way to manage this value chains, and drives forward digitalisation, sustainability and ESG agendas.

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Tags: chemicals, Finboot, manufacturing, supply chain

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