Renault Group and Suez join forces to fast-track circularity in Europe’s automotive sector
03 Oktober 2024 - 5:45PM
UK Regulatory
Renault Group and Suez join forces to fast-track circularity in
Europe’s automotive sector
RENAULT GROUP AND SUEZ JOIN
FORCES TO FAST-TRACK
CIRCULARITY IN
EUROPE’S AUTOMOTIVE
SECTOR
- The two
groups agree to step up their long-term cooperation and position
The Future Is NEUTRAL as a standard-setter in the automotive
sector’s circular economy.
- SUEZ
acquires a 20% stake in The Future Is NEUTRAL to team up with
Renault Group, which will henceforth own 80% of the
company.
- Through
this operation, The Future Is NEUTRAL receives €140 million from
its two shareholders to boost and broaden its operation serving
Europe’s entire automotive industry.
- The
stake will be transferred and the contributions will be made once
the necessary regulatory authorisations are obtained.
Boulogne-Billancourt, 3 October 2024
– 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.
TEAMING UP TO SPEED UP THE CAR-TO-CAR
ECONOMY
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.
THE FUTURE IS NEUTRAL, THE FIRST PLAYER IN 360°
AUTOMOTIVE INDUSTRY CIRCULARITY WORLDWIDE
The Future Is NEUTRAL, which was launched at
Renault Group’s initiative, provides comprehensive circular economy
solutions for:
- All automotive sector players –
carmakers, equipment manufacturers, distributors, insurers and
private customers;
- Every stage in the vehicle’s life
cycle: recycled materials for production; reusable, refurbished and
remanufactured parts; end-of-life vehicle collection, management
and recovery services.
“SUEZ’s investment in The Future Is NEUTRAL
is a decisive milestone in our plan to open up to the entire
automotive industry. With our two shareholders’ support,
we will be able to confirm our growth roadmap aimed at expanding
and massifying our solutions while making them even more
competitive. A large part of our operation in the closed-loop
circular economy value chain is already up, running and profitable.
We are working on integrating closed-loop battery recycling and
scaling up to industrial levels together in the near future, to
work with Europe’s automotive industry on its journey to
circularity” points out Jean-Philippe Bahuaud, CEO
of The Future Is NEUTRAL.
More information about The Future Is
NEUTRAL
The circular
economy’s levers to limit the automotive industry’s impact on
natural resources
> Preparing
to use secondary (recycled) raw materials during design
and production. This is a vital goal: cars are 85% recyclable but
are made with less than 30% of recycled materials today.
> Extending
cars’ useful life by reusing, refurbishing, repairing and
remanufacturing as many parts as possible. These new possibilities
cost less for users and are easier on the environment than new
parts.
>
Recovering used parts and recycling materials from end-of-life
vehicles
11 million vehicles are scrapped every year in Europe. Tapping into
this stream to recover parts that can still be used and retrieve
raw materials for recycling limits the need to mine virgin raw
materials.
RENAULT
GROUP MEDIA RELATIONS
|
Juliette
Faucon
+33 7 89 27 09 92
juliette.faucon@renaut.com |
François Rouget
+33 6 23 68 07 88
francois.rouget@renault.com |
SUEZ MEDIA
RELATIONS
|
SUEZ press department
+33 6 32 18 39 54
suez.media@suez.com |
|
RENAULT
GROUP INVESTOR RELATIONS |
Philippine de Schonen
+33 6 13 45 68 39
philippine.de-schonen@renault.com |
|
|
|
|
About Renault Group
Renault Group is at the forefront of reinventing mobility. Backed
by its alliance with Nissan and Mitsubishi Motors, and its unique
expertise in terms of electrification, Renault Group draws on the
complementary nature of its four brands – Renault, Dacia, Alpine
and Mobilize – to offer its customers sustainable and innovative
mobility solutions. With operations in more than 130 countries, the
Group sold 2.235 million vehicles in 2023. It employs more than
105,000 people who embody its raison d'être on a daily basis, so
that mobility brings us closer to one another.
Ready to take up challenges on the road as well
as in competition, the Group is committed to an ambitious and
value-generating transformation. This is centred on the development
of new technologies and services, and a new range of even more
competitive, balanced and electrified vehicles. In line with
environmental challenges, Renault Group's ambition is to achieve
carbon neutrality in Europe by 2040.
More information: The Future Is NEUTRAL
About SUEZ
Faced with growing environmental challenges,
SUEZ has been delivering essential services that protect and
improve our quality of life for more than 160 years. SUEZ provides
its customers with innovative and resilient solutions for water and
waste services. With 40,000 employees across 40 countries, the
Group works with customers to create value over the full lifecycle
of their assets and services, and to drive their low carbon
transition. In 2023, SUEZ provided drinking water for 57 million
people worldwide and sanitation services for more than 36 million
people. The Group generated 7.7 TWh of energy from waste and
wastewater. In 2023, SUEZ has generated revenues of 8.9 billion
euros. For more information: www.suez.com
APPENDIX
THE FUTURE IS NEUTRAL, AN INTEGRATED PLATFORM
PROVIDING SOLUTIONS FOR THE ENTIRE AUTOMOTIVE INDUSTRY
The solutions available from The Future Is
NEUTRAL cover the entire value chain. They leverage the expertise
in all its operating branches, which are all leaders in their
respective field:
-
GAIA is a pioneer in closed-loop automobile
material recycling and an expert in electric traction battery
recycling;
- BOONE
COMENOR METALIMPEX has set the worldwide standard for
ferrous and non-ferrous waste recycling in the automotive sector
for 125 years;
- THE
REMAKERS is pioneering internal-combustion, mechatronic
and electric car part remanufacturing;
-
INDRA is a specialist in end-of-life vehicles and
runs France’s leading vehicle dismantling network. It plays a
prominent part in systems set up by carmakers to comply with
France’s AGEC (anti-waste) law, and is a trusted partner to
insurers and communities.
These solutions, suited to cars’ life cycles and
sized for industrial-scale operations, are a concrete answer to
professionals’ requirements relating to:
- Limiting their impact on natural
resources and making a positive contribution through their own
sustainability strategies;
- Managing strategic material supply
chains more efficiently and effectively by setting up channels to
source secondary (recycled) raw materials;
- Anticipating developments in
regulation.
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