CRDC Global to use Finboot blockchain technology to bolster Resin8 production processes

Cardiff, Wales-based technology firm Finboot has announced a partnership with San Jose, Costa Rica-based building materials company CRDC Global, which uses a proprietary process to convert plastic scrap into a construction aggregate called Resin8, which then can be incorporated into a wide variety of construction projects.

CRDC says Resin8 is designed by and for the construction industry and is unique in that it can be used in structural and nonstructural concrete applications, even improving its performance. The company says including up to 10 percent Resin8 in dry-mix concrete applications, for example, maintains its ASTM (American Society for Testing and Materials) standard strength while providing better insulation and lighter weight.

For more information on Resin8 and CRDC, see the Summer 2023 issue of Plastics Recycling, available in July.

In nonstructural concrete applications, Resin8 in larger quantities can reduce weight and improve insulation, the company adds. Resin8 is suitable for numerous applications including concrete blocks, pavers, grouts, mortars and hot-mix asphalt.

In this partnership, Finboot says it will use its blockchain technology to help CRDC ensure its Resin8 production processes are even more transparent, efficient and sustainable.

“We are really excited to be working with CRDC Global,” Finboot co-founder and CEO Juan Miguel Perez says. “CRDC’s value proposition ‘REAP’—recover, enrich, appreciate, prosper—is very much aligned to Finboot’s. There are huge synergies between our platform based in blockchain and CRDC’s mission, which is to create value from the world’s plastic waste. This is inspiring—they are helping solve an environmental problem by adding value to another industry.

“Blockchain is the killer app when it comes to traceability and transparency,” he adds. “We are now in the process of supply chain mapping.”

According to CRDC founder and Chairman Don Thomson, transparency and accountability have been key since the company’s start. “We are committed to continuous improvement and to prove to the world that we can be the truly circular solution to end the global plastic waste crisis once and for all,” he says. “For us to achieve this, we must be fully transparent and we’re grateful for the blockchain technology that Finboot provides that we believe will allow us to do this.”