Renault Group and SUEZ are bolstering their long-term collaboration, focusing on recycling waste metal and recovering end-of-life vehicles. Their new strategic agreements aim to support the automotive sector’s ecological transition. Together, they will empower The Future Is NEUTRAL to accelerate its growth and become a leader 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 bringing together 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 and provide new sources of recycled materials and parts.
