Renault Group: The Future Is NEUTRAL: The circular economy is entering a new era!

Groupe Renault today announced the creation of a new entity fully dedicated to the circular economy. the future is neutralBy combining existing Industrial and technical expertise Assets of the Group and its partners under a new brand, The Future Is NEUTRAL It is the first company to operate across the entire automotive circular economy value chain, targeting all players in the automotive industry outside the Renault Group.

In the context of the energy transition, characterized by scarcity of resources and high raw material prices, the entity will be able to offer more technical and industrial solutions thanks to the expertise of its subsidiaries and the network of partners already in operation. develop.As a result, the automotive industry has significantly gain Percentage of recycled materials from the automotive industry in new car productionToday, new cars contain only 20-30% recycled materials from all industries.

In the short term, companies aim to grow existing businesses with dedicated business models and open up new opportunities in the automotive industry. Targeting business portfolio sales of more than 2.3 billion euros^[2] Operating margin of 10% or more^[2] by 2030The Future Is NEUTRAL, aims to be an industry and European leader in the closed-loop automotive circular economy.

Finally, to accelerate development and strengthen leadership in a rapidly growing market, The Future Is NEUTRAL Part of the capital has been transferred to external investors, with a view to co-investment of around €500 million by 2030.

Groupe Renault CEO Luca de Meo said:Today, we are taking another step forward in our historic commitment to a circular economy. Our subsidiaries Gaia, Indra, Boone Comenor and Flins Refactory have already demonstrated our ability to create activities that create economic, social and environmental value throughout the vehicle lifecycle. Based on this experience and convinced of the potential of these activities, we are accelerating and creating The Future Is NEUTRAL bringing together all industrial and technological assets and a network of strategic partners. Its mission is to provide closed-loop recycling solutions (i.e. car-to-car) to the automotive industry facing ambitious strategic plans and climate change challenges, new regulatory requirements and increasing pressure on resources. It’s about growing your business. Our goal is to usher recycling into a new era and become the European leader in the automotive circular economy. ”

“From car to car”: cars as materials

More than 11 million vehicles in Europe each year Composed of approximately 85% recyclable materials, reaches the end of its life. However, this resource is underutilized. New cars use only 20-30% of recycled materials from any industry. Today, recyclable materials from end-of-life vehicles are mostly recovered for other industrial uses (metallurgy, construction, etc.). The purpose of The Future Is NEUTRAL is To maintain the value of parts and materials For as long as possible, to allow the industry to achieve Much higher recycling rate of automotive materials For the production of new cars.

Jean-Philippe Bahuaud, CEO of The Future Is NEUTRAL, explains:The first underutilized resource in the automotive sector is the vehicle itself, which is made up of over 85% metal and plastic. The Future Is NEUTRAL brings together expertise to transform this potential into new avenues for growth. This new entity aims to drive the automotive industry towards resource neutrality, extracting the largest possible amount of materials needed to manufacture new models from each vehicle. ”

The Future Is NEUTRAL Expertise

The company’s strength lies in its ability to collect parts by making full use of its network of subsidiaries and partners. Materials and batteries for the entire vehicle lifecycle, junk cars, factory waste, garages.Thanks to this ecosystem, The Future Is NEUTRAL thrives The circular economy loops through each stage of a vehicle’s life, from the vehicle’s production stage to use and then to the vehicle’s lifespan.

Specifically, The Future Is NEUTRAL relies on subsidiaries Gaiaof Battery Repair, Parts Recovery and Reuse, and End-of-Life Vehicle (ELV) Materials Recycling are based in Flynns.
Also located in the heart of Flynn Refactory, refurbishment of mechanical and mechatronic parts, and future vehicle dismantling lines aim to supply these circular flows. Along with reference partner Suez, the entity also owns two of his companies: Indra^[3]A leader in ELV therapy in France,
With over 370 accredited centers, Boone Conner^[4]experts in recycling scrap metal from industry^[5].

Together with industry partners, The Future Is NEUTRAL The Future European Leader in Closed-Loop Battery Recycling, is in line with regulations and is attractive to other automakers by leveraging world-class industrial processes in terms of yield and purity to ensure the required levels of recycled content in batteries at the best possible cost. is.Entity relies on Europe’s largest fleet of electric vehicles to develop Europe’s first closed-loop battery recycling offering^[6]High Content Chemistry^[7] It also leverages INDRA’s growing network to help collect batteries and leverages GAIA’s expertise in battery diagnostics. Finally, The Future Is NEUTRAL works with battery manufacturer partners such as Verkor to pool used batteries together with production waste.

To carry out its activities, The Future Is NEUTRAL relies on a wide range of technical skills. From advanced engineering and chemistry to using datais at the heart of our business model to optimize the economic and environmental performance of our solutions.

The Future Is NEUTRAL also serves the automotive industry Consulting Serviceseven as Training specific to the circular economyas part of the Group, with the support of the Flynns-based Circular Mobility Industry (ICM) Campus University of Rhino.

sauce: renault group