on RENAULT (EPA:RNO)
Renault and Suez strengthen their alliance for a circular automotive economy
In October 2024, Renault Group and Suez announced a strengthened partnership to support the circular economy in the European automotive industry. Suez acquires 20% of The Future Is NEUTRAL, a company dedicated to these efforts, while Renault retains 80%. Together, they are investing €140 million to develop this platform and optimize its operations.
The Future Is NEUTRAL aims to become a leader in the automotive circular economy in Europe. The partnership enables the use of secondary resources and the recycling of vehicles at 85%, compared to the current 30% of recycled materials in manufacturing. Renault and Suez offer comprehensive solutions to extend the life of vehicles and recycle materials to reduce reliance on virgin resources.
R. H.
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