Stellantis boosts circular economy activities with JV

Stellantis boosts circular economy activities with JV

Stellantis boosts circular economy activities with JV

It also helps contribute to Stellantis’ net-zero carbon emissions goals, Jones said.

“The technology is changing as to what can be recycled,” he said, and more parts are being designed with recycling in mind. At the same time, Stellantis is trying to extend the life of its vehicles as long as possible, he said.

“You want to make sure that when you take that material [out of the car]you are getting maximum value out of it,” she said.

Stellantis is expecting to generate 2 billion euros in revenue by 2030 from “circular economy” activities. The Galloo joint venture will contribute to increasing recycling revenues tenfold and parts revenues fourfold by then, Stellantis said, as well as helping the automaker reach 40 percent recycled materials in new vehicles by 2030. Jones would not give specific figures for recycling and parts revenue targets.

Galloo, founded in 1939, has 42 subsidiaries in Belgium, France and the Netherlands. It manages the recovery, transformation and reuse of metals and some types of plastics.

Other automakers are leaning up their recycling and reuse efforts. The Renault Group is in the process of converting its factory in Flins, France, to a circular economy center called Refactory. Activities there include used-car reconditioning, parts refurbishment, retraining and “second life” uses for EV batteries, among others.

Renault expects to generate an additional 1 billion euros per year from such activities by 2030. A second Refactory is planned for a transmission plant in Seville, Spain.

Audi’s MaterialLoop project is testing the viability of using materials from end of life vehicles to create components for new cars.

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