SMX Drives Verified Circular Economy Revolution in Plastics

The global plastic industry, valued at $600 billion, struggles with recycling efficiency, recycling less than 10% of the 400 million metric tons produced annually. SMX, through partnerships with Tradepro, REDWAVE, and A*STAR, aims to transform this narrative by introducing molecular identity technology, enhancing recycling processes, and transforming the supply chain.

Tradepro tackles the inefficacies of post-industrial and post-consumer plastic markets, where verification issues affect pricing. SMX enhances identification accuracy, significantly increasing the value of recycled materials.

REDWAVE contributes with advanced sorting technology, increasing recovery efficiency. A*STAR supports national strategies for recycling sovereignty, demonstrating the economic and environmental benefits of a verified circular economy.

Collectively, these efforts aim to elevate recycled plastic to a competitive level with virgin materials, emphasizing identity as the key to market transformation.