NoviqTech (ASX:NVQ) completed all onboarding steps for Global Resource Recovery's sustainability initiatives, facilitated through its Carbon Central platform, according to a Tuesday Australian bourse filing
This includes the implementation of a digital twin, comprising simulations to verify assumptions of Glycol processing and guarantee of origin, and the tokenization of reclaimed Glycol to create ISCC-aligned sustainability declarations, the filing said.
Global Resource also began amines recycling, which follows a similar process to Glycol and will be tokenized on Carbon Central, per the filing.
The next step will involve migrating the Glycol and Amines to mainnet tokenization, where a fee will be charged per each token produced.
NoviqTech's shares fell 8% on market close.
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