SINGAPORE—Halcyon Agri Corp. has partnered with Singapore-based DBS Bank in its bid to set up a digital trading platform for natural rubber.
The HeveaConnect joint venture is 90 percent owned by Halcyon and will tap into the digital expertise of DBS to build an "industry ecosystem."
Under the partnership agreement, the HeveaConnect digital platform will be launched in the first quarter of 2019 to trade "sustainably-processed" natural rubber. As part of this, HeveaConnect will be the exclusive platform for the sale of Heveapro- certified TSR—Halcyon's range of sustainably processed rubber.
"HeveaConnect will offer the tire industry the minimum viable sustainability standard—open to all eligible producers—and by extension lead the path to full supply chain sustainability and traceability," Robert Meyer, Halcyon's executive director and CEO, said in a written statement.