Fujitsu Limited and Teijin Limited (hereinafter Teijin) today announced the launch of a joint project running from January to March 2023 to enhance the environmental value of recycled resources in the production of bicycle frames together with V Frames GmbH (hereinafter V Frames), a German manufacturer and distributor of carbon fiber reinforced plastic bicycle frames, and E Bike Advanced Technologies GmbH (hereinafter Advanced Bikes), a German manufacturer of bicycles.
As part the trials, Teijin and Fujitsu will leverage a blockchain-based commercial platform launched in July 2022 to promote the sustainable use of recycled materials, tracing and management of greenhouse gas (GHG) emissions within the environmentally-conscious bicycle industry.
By implementing a business model that maximizes the environmental value from recycled materials, Teijin and Fujitsu aim to contribute to the further development of the carbon fiber recycling market and the realization of a circular economy. Following the successful conclusion of the joint trials, Teijin and Fujitsu will promote the implementation of the new platform, with the aim of commercialization in fiscal 2023.
Future vision and goals
- Creation of “digital twins” to manage resources: information about resources (including their location, condition, environmental impact, etc.) used/generated in the business operations from the recycling to sales process of bicycle frames will be uploaded and provided on the platform to create digital replications (digital twins) of physical resources and manage information on their condition; using blockchain technology, the platform will also offer past data on the condition of resources
- Disclosure and utilization of data: data from the platform can be used to share information on resources (origin of resources etc.) with bicycle users or utilized by various stakeholders in their carbon management; data on the platform can further be used as proof for the successful realization of a resource cycle and utilized for future ESG investment evaluations or as credits
