One key goal of the Toray Group Sustainability Vision is to help the world manage resources sustainably by 2050. The company seeks to integrate proprietary recycling, biomass and other sustainable technologies that can contribute to a closed-loop economy. It also looks to integrate its product supply chain with Soramitsu’s blockchain technologies to enhance traceability in product collection, reuse, and other processes. Such an approach would help engage all supply chain stakeholders in achieving a closed-loop economy.

In 2019, Toray launched “&+™”, a sustainable brand that supports efforts to use recycled plastic bottles made of polyethylene terephthalate as raw fiber materials and make such resources traceable. The trial will focus on this brand, with Toray collaborating with companies in its supply chain in organizing to build a basic system that allows anyone, anywhere to verify traceability.

Toray will encourage consumers to actively engage in the recycling process by providing visualization and verification of the closed loop cycle, where consumers can trace the full process from material collection to the production of the end product.

It will also verify frameworks that make it easier for its business partners to integrate information from this system into their own traceability systems.