Goodpack signs MOU with Klean Industries and CEVA Logistics to Create Circular Solutions for End-of-Life Tires
Goodpack is pleased to announce that it has executed a Memorandum of Understanding (“MOU”) with CEVA Logistics, a world leader in third-party logistics and Klean Industries Inc, a leading provider of technologies and solutions to collaborate on the development of a fully holistic supply chain that produces the global solution for end-of-life tires (“ELT”).
This partnership will leverage the expertise and resources of the parties’ specialized skill sets by creating industrial symbiosis across several supply chains. In doing so, the parties believe they will be able to create measurable change to solve the end-of-life tire problems globally by integrating a total solution that includes green logistics, low carbon intensity manufacturing and distribution combined with a digital technology infrastructure that will aid in the development of the low carbon, circular economy, and the goal of zero waste to landfill.
Under the terms of the MOU, Goodpack, CEVA, and Klean will develop a proof of concept (“POC”) in the Oceania region for the reverse collection of end-of-life tires. The POC is intended to deliver results that will significantly reduce logistics-related carbon emissions associated with the distribution of new tires and the reverse logistics of ELTs on an integrated basis. The POC will also evaluate the use of our reusable intermediate bulk containers (“IBC”) throughout the ELTs supply chain.
The last mile of closing the loop on ELTs is done when the end-of-life tires are delivered to Klean’s processing plants, where resources such as recovered carbon black (“rCB”) and recovered fuel oil (rFO”) are manufactured and re-distributed back into new tires, virgin carbon blacks and renewable fuels manufacturing sectors for reuse to produce new green products with significantly lower carbon intensity throughout the manufacturing and production supply chain associated with the tire industry. All these activities will then be combined into the Klean Loop™, a SaaS blockchain technology, as a fully integrated system to track and trace all aspects of the tire life cycle. From this perspective, the patent-pending Klean Loop™ platform will provide supply chain transparency which will further enable the supply chain partners to measurably improve their financial and environmental performance.
