Swedish ChainTraced wins EIT’s European innovation competition with its model for estimating and tracking carbon emissions through the value chain of metallic products.
Now, global industrial group Voestalpine will test the platform in its operations.
In addition, ChainTraced is taking a further step towards a more sustainable industry by now being part of the national CIRCLA initiative.
In the autumn, the European Institute of Innovation and Technology (EIT) organised a competition to find a partner for the market-leading steel industry group Voestalpine to map the carbon footprint of its value chain. Solutions from several companies across Europe were presented, but in the end it was ChainTraced that took the win with its innovative solution for estimating and tracking carbon emissions throughout the value chain of metallic products.
- Like many companies in the industry, Voestalpine saw the importance of ensuring sustainability data throughout the value chain in order to be a sustainable industry player in the long term. By measuring and calculating carbon emissions throughout the production chain, transparency is created that allows understanding where in the value chain there is a greater environmental impact. The data makes it clear where you have succeeded in your sustainability efforts and where there is potential for improvement,” says Victor Andersson, CEO of ChainTraced.
Increased traceability of electrical components through CIRCLA’s KEEP sub-project In addition to the collaboration with Voestalpine, ChainTraced is now part of the CIRCLA innovation project to contribute to a more sustainable industry with reduced emissions. CIRCLA is a major national initiative in which ChainTraced participates in the KEEP sub-project, which focuses on increased traceability of electrical and electronic products. The project brings together actors from several industries, such as Telia and Clas Ohlson, to promote the transition to a more sustainable industry.
- Traceability is a key factor in achieving sustainable use of materials. Through traceability of products and materials, we would be able to see where, how and how much materials and products are used in society,” says Jessica Wehner, PhD at Chalmers Industrial Engineering and project leader of the subproject.