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- Blackstone (BSX) is teaming up with Circulor to create product nickel traceability from mining through to the electric vehicle (EV) market
- BSX says there’s increasing awareness about the impacts associated with nickel production, creating demand from end users for traceability for all products
- The two parties will establish a new traceability system for its Vietnam Ta Khoa Assets, a first in South-East Asia
- On the market this afternoon, Blackstone is up 3.48 per cent and is trading at 59.5 cents per share
Blackstone (BSX) has teamed up with Circulor to create product nickel traceability from mining through to the electric vehicle (EV) market.
Circulor is a leading sustainable supply chain traceability provider, allowing businesses to fully analyse, track and manage their supply chains to support responsible sourcing and improve sustainability.
The two parties will establish a new traceability system for Blackstone’s Vietnam Ta Khoa Assets, a first in South-East Asia.
BSX explained there was increasing awareness about the impacts associated with nickel production, as well as other critical raw materials sourced for the lithium-ion battery industry and EV sector.
This awareness has created a demand from end users for a level of traceability for all its products, the company added.
Blackstone’s partnership with Circulor will allow the company to demonstrate compliance with sustainability metrics from mining to the Ta Khoa Refinery’s finished product.
Circulor’s Director of Business Development Yue Jin Tay said he’s pleased to partner with Blackstone.
“Building traceability into the development process of a mine and a refinery allows our customers to have traceability-by-design – ready to track the provenance, CO2- equivalent and ESG performance of its products and raw materials from the very first shipment to their downstream customers,” Mr Tay said.
“As Circulor expands into Asia and Australia, we are excited about the possibilities this
partnership brings. With the security of supply of critical minerals gaining increasing focus, helping Blackstone provide transparency for both provenance and ESG performance enables them to become a supplier of choice in the region.”
On the market this afternoon, Blackstone was up 3.48 per cent and is trading at 59.5 cents per share at 1:27 pm AEDT.
