Guaranteeing the world's central banks and the public that
their currency is part of an audited mass-balanced recycled
plastics supply chain
PROVIDENCE, R.I., April 2, 2024 /PRNewswire/ -- Over the last
several decades many central banks have utilized polymer substrates
rather than paper to manufacture their banknotes, a shift that
first began in Australia in
1988. Since then, over 60 countries have utilized
polypropylene as a substrate with roughly 30% of them using polymer
across all denominations.
In 2019, Spectra Systems Corporation (SPSY.L on London Stock
Exchange) was the first to introduce the world's first high-speed
machine-readable polymer substrate with covert signatures within
the polymer to include the substrate in the security chain of
polymer banknotes (Currency News, 17 (8), 2019, and Currency News,
20 (9), 2022).
Today Spectra Systems Corporation is again changing the
landscape of polymer banknotes by announcing the world's first
polymer banknote substrate that is part of a mass-balanced
recycling supply chain certified by the International
Sustainability and Carbon Certification (ISCC) PLUS process.
Spectra Systems, through its security printing subsidiary, Cartor
Security Printers in the United
Kingdom, has recently obtained ISCC PLUS certification.
The ISCC PLUS certification allows Spectra Systems to
maintain a fully audited mass-balance supply chain using polymer
sourced and produced by our exclusive partner, Toray Plastics
America to provide print-ready substrates for banknote
production.
Our commercially available FUSION™ polymer banknote
substrate ensures, in the case of Certified Circular polymer, that
for every kilogram of polymer utilized in the substrate, an equal
amount of polymer was recycled and repurposed as part of a
sustainable supply chain.
The use of Certified-Circular Polymer based on advanced
recycling of plastics, has many points of environmental
impact. These include:
- Using plastic waste as an alternative to fossil fuels
- Additional end of life options for plastic waste
- Diversion of significant amounts of plastic waste from
landfills or incineration
- Expanding the range of plastic waste that can be recycled
Spectra Systems Corporation, as an engaged corporate citizen
supporting a sustainable global environment, is proud to bring this
product to the banknote industry.
Spectra Systems will be presenting this newly commercialized
substrate and its impact on the industry and the environment at the
upcoming Banknote 2024 conference in Fort
Worth, Texas from May 13 to
16.
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