Renault Group and SUEZ step up their long-term partnership, which encompasses recycling waste metal and recovering end-of-life vehicles, with strategic agreements aimed at supporting the ecological transition in the automotive sector. Together, Renault Group and SUEZ, a world leader in waste recycling and recovery, will put The Future Is NEUTRAL in a position to speed up its expansion and rank among the standard-setters in the automotive industry’s circular economy.
“SUEZ’s decision to team up with us in The Future Is NEUTRAL is new evidence that coming up with this model was the right move. Our joint investment will allow us to accelerate in order to provide an open circular economy platform that meets the needs of all players in the automotive industry, in growing activities. We are doing this by strengthening existing operations and creating new closed-loop recycling solutions, from car to car” states Luca de Meo, CEO of Renault Group.
“By investing in The Future Is NEUTRAL alongside Renault Group, SUEZ is moving into a stronger position to support automotive industry players on their ecological transition. Securing secondary raw material supplies is one of the key challenges the automotive sector has to address over the coming years. Our expertise in waste recycling and recovery will enable us to support the sector’s transformation as it transitions towards more circularity and to reduce its reliance on virgin raw materials” explains Sabrina Soussan, Chairman and CEO of SUEZ.
Renault Group and SUEZ are pooling their technical expertise and industrial capabilities within The Future Is NEUTRAL, to build the new value chain in the car-to-car circular economy. Their goal is to work with the various players in the sector to lessen their impact on natural resources, stay ahead of developments in regulation and provide new sources of recycled materials and parts.
Renault will contribute:
- Its operation covering the entire automotive value chain and vehicle life cycle (design, useful life and end of life);
- Its expertise in automobile eco-design and the skills of its teams trained and keen to rise to this challenge;
- The industrial capabilities at its Refactory in Flins (France), Europe’s first circular economy base specialised in mobility, which is active in a variety of fields including vehicle refurbishing, part remanufacturing and industrial robot revamping.
SUEZ will pool:
- Its in-depth knowledge of automobile recycling all the way upstream (carmakers and equipment manufacturers) and downstream (steelmakers and casters);
- Its expertise in automobile waste management (collection, massification, sorting and material recovery);
- Its industrial-scale capacity to produce consistent flows of recycled raw materials for its customers.
Together, both groups will develop the following key activities: design for recycling, reverse logistics, vehicle waste management and closed-loop car-to-car recycling.
