NoviqTech Pioneers Blockchain-Based Sustainability with Tokenisation of Waste
- StockSurge Team
- 6 days ago
- 2 min read
NoviqTech (ASX: NVQ) has successfully completed the mainnet tokenisation of a batch of recycled Amines on the Hedera blockchain, marking a significant step forward in sustainable resource management. This milestone, achieved in collaboration with Global Resource Recovery (GRR), positions NoviqTech at the forefront of environmental, social, and governance (ESG) innovation by providing immutable proof of sustainability for industrial chemicals.
Amines are organic compounds derived from ammonia and are widely used in industries such as pharmaceuticals, agriculture, and chemicals for applications ranging from drug synthesis to gas treatment. The newly minted tokens, each representing 1,000 liters of recycled Amines, serve as digital attestations of sustainability.
By integrating blockchain technology into resource recovery, NoviqTech enhances transparency and traceability, addressing the growing demand for verifiable sustainability claims. The initiative is powered by Carbon Central, NoviqTech’s proprietary platform that streamlines carbon emissions tracking and digital twin technology.
Bridging Blockchain and Sustainability
"This successful implementation of end-to-end digital sustainability tracking showcases the power of NoviqTech’s Carbon Central platform," said Freddy El Turk, CEO of NoviqTech. "From metering improvements to mainnet tokenisation, our collaboration with GRR highlights our ability to deliver real-world, impactful sustainability solutions."
A key component of this achievement was the enhancement of GRR’s metering infrastructure, ensuring high-quality data capture. Additionally, the digital twin model was refined to align with operational processes, further strengthening the accuracy of sustainability metrics.
Unlocking New Revenue Streams and ESG Impact
Beyond sustainability, the tokenisation model introduces an innovative monetisation strategy for NoviqTech. The company will generate revenue from token production fees, offering a tiered pricing structure that scales with volume. This model incentivizes broader adoption while providing an additional commercial avenue for blockchain-based ESG solutions.
Looking Ahead and Scaling Up
With the successful tokenisation of its first batch of Amines, NoviqTech now plans to expand the initiative to other industrial chemicals, including Glycol. As GRR integrates this framework into its broader sustainability strategy, token volumes could scale significantly.
