Veolia and Faurecia partner on recycled materials for car interiors
Reuters
Published May 03, 2022 11:18
(Reuters) - Veolia and Faurecia have signed a cooperation and research partnership with an aim to use on average 30% of recycled plastics in car interiors by 2025, the French recycling company and car parts maker said in a joint statement on Tuesday.
The collaboration, under which recycled plastics will be used in instrument panels, door panels and centre consoles in cars across Europe, will reduce Faurecia's carbon footprint, helping it advance its CO2 neutrality plan, and expand Veolia's product range to vehicle interiors.
"The use of recycled plastics is one of the key challenges for the ecological transformation of the automotive industry ... Today, automotive interiors are mostly made of virgin material," the companies said in the statement.
Veolia, which has recently closed the acquisition of its competitor Suez, will start the production of secondary raw materials at its existing recycling sites in France from 2023.
"Veolia is growing its plastic recycling capacities with continuous investment in the industrialisation and expansion of our existing recycling sites in France and globally, with the objective to reach 1 billion euro turnover by 2025," the company's chief operating officer Estelle Brachlianoff said in the statement.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.