Ardagh Glass Packaging (AGP) will use BanQu’s web-based technology to improve effectiveness within the company’s supply chain for cullet in South Africa.
The BanQu platform will help AGP – South Africa track and monitor cullet trades for its production facilities, and will allow recyclers to receive faster and safer payments.
Thomas Shaw, Supply Chain Executive of AGP – Africa, said: “This technology will enable us to identify traders, better understand the footprint of cullet recycling activity in the country and monitor the volumes of cullet traded in the different regions.
“Importantly, it will also allow us to make glass recycling financially viable across the width and breadth of the country through the application of targeted incentives and to ensure that payments and incentives can quickly and efficiently reach all recyclers, but particularly the informal recyclers who are at the start of the recycling process.”
The easy-to-use platform is accessible on any internet-enabled device and records transparent transactions between registered buyers and sellers at all levels.
For traders, the technology allows transactions anytime, anywhere. It enables electronic records and bookkeeping to replace paper or manual systems; offers instant cashless transactions; and allows applicable subsidies and incentives to be paid quickly and easily.
In addition, Ardagh and other industry players can benefit from a growing network of connected recycling enterprises; real-time reporting and tracking across multiple buying or processing sites; easily managed supply chain data in compliance with POPIA; and enhanced BEE procurement scores.
The platform also aims to empower downstream recycling value chain players through visibility and increased bankability. This will strengthen the efficiencies of waste collection networks, including informal collectors, which will drive economic empowerment and small business development.
Paul Curnow, CEO of Ardagh Glass Packaging–Africa, said: “Sustainability is a core focus for Ardagh, and we are acutely aware how important it is to drive increased recycling. We are confident that this initiative is going to take glass recycling to a new level in South Africa.”
For more information, see: https://money4glass.co.za/