The Future Is NEUTRAL: The circular economy is stepping into a new era!

The Future Is NEUTRAL: The circular economy is stepping into a new era!

13.10.2022: Renault Group is creating The Future Is NEUTRAL, the first company operating across the entire automotive circular economy value chain, aiming at moving the automotive industry towards resource neutrality.


    Renault Group is creating The Future Is NEUTRAL, the first company operating across the entire automotive circular economy value chain, aiming at moving the automotive industry towards resource neutrality.


    Bringing together all the existing expertise of the group and its partners in this activity, this new entity offers closed-loop[1] recycling solutions at each stage of a vehicle's life: supply of parts and raw materials, production, use and end of life.


    With the objective of the business portfolio reaching a turnover[2] of more than 2,3 billion euros and an operating margin of more than 10% by 2030, The Future Is NEUTRAL aims to become the leader in industrial and European scale of the closed-loop automotive circular economy, at the service of car manufacturers as well as the entire industry.


    Renault Group is thus taking another step forward in its historic commitment to the circular economy.






Today, Renault Group announced the creation of a new entity entirely dedicated to the circular economy: The Future Is NEUTRAL. By bringing together the existing industrial and technological expertise and assets of the group and its partners under a new brand, The Future Is NEUTRAL is the first company to operate across the entire automotive circular economy value chain, and is aimed at all players in the automotive world, beyond Renault Group.



In a context of energy transition marked by the scarcity of resources and inflation in the price of raw materials, this entity will develop more technological and industrial solutions thanks to the expertise of its subsidiaries and its network of partners already operating.



It will enable the automotive industry to significantly increase the proportion of recycled materials from the automotive industry in the production of new vehicles. Today, a new vehicle contains only between 20 and 30% recycled materials from all industries.



In the short term, the entity aims at growing its existing businesses with a dedicated business model and developing new opportunities with the automotive industry. With the objective of the business portfolio reaching a turnover of more than €2,3 billion[2] and an operating margin of more than 10%[2] by 2030, The Future Is NEUTRAL aims to be the industrial and European leader in the closed-loop automotive circular economy.



Finally, in order to accelerate its development and strengthen its leadership in a fast-growing market, The Future Is NEUTRAL is opening up a minority of its capital to outside investors with a view to co-financing investments of around €500 million until 2030.





    Luca de Meo, CEO of Renault Group, said:
“Today we are taking another step in our historic commitment to the circular economy. Our subsidiaries Gaia, Indra and Boone Comenor, as well as the Refactory in Flins, have already demonstrated our ability to generate activities that create economic, social and environmental value throughout the vehicle life cycle.


Based on this experience and convinced of the potential of these activities, we are accelerating and creating The Future Is NEUTRAL, which brings together all our industrial and technological assets, as well as our network of strategic partners.



Its mission: to grow its business with ambitious strategic plans and new outlets by offering the automotive industry, faced with the climate challenge, new regulatory requirements and increasing pressure on resources, closed-loop recycling solutions, i.e. from car to car . Our ambition is to bring recycling into a new era and become the European leader in the automotive circular economy.”






“From car to car”: the car as a raw material



Every year in Europe more than 11 million vehicles, made up of around 85% recyclable materials, reach the end of their life. However, this resource is under-exploited: new vehicles are made up of only 20-30% of recycled material, from all industries. Today, the recyclable material from end-of-life vehicles is mostly recovered for other industrial applications (metallurgy, construction, etc.).



The objective of The Future Is NEUTRAL is to maintain the value of parts and materials for as long as possible and to enable the industry to achieve a much higher rate of recycled automotive materials in the production of new vehicles.




    Jean-Philippe Bahuaud, CEO of The Future Is NEUTRAL, explains:
“In the automotive sector, the first under-exploited resource is the car itself, which is made up of more than 85% of metals and plastics. The Future Is NEUTRAL brings together the expertise to convert this potential into new growth levers. This new entity aims to push the automotive industry towards resource neutrality, extracting from each vehicle the largest possible amount of material needed to manufacture a new model.”





 The Future Is NEUTRAL's expertise



The company's strength lies in its ability to mobilise a network of subsidiaries and partners to collect parts, materials and batteries throughout the automotive lifecycle, from scrap cars, factory rejects and garages. Thanks to this ecosystem, The Future Is NEUTRAL is developing circular economy loops at each stage of a vehicle's life, from the production phase to the use and end of life of vehicles.



In concrete terms, The Future Is NEUTRAL relies on its subsidiary Gaia, whose battery repair, parts collection and reuse, and recycling of materials from end-of-life vehicles (ELVs) are based in Flins.



Also located at the heart of the Flins Refactory, the renovation of mechanical and mechatronic parts, as well as the future vehicle dismantling line, aim to supply these circular flows. With its reference partner Suez, the entity also owns two companies: Indra[3], the leader in ELV treatment in France, with more than 370 approved centres, and Boone Comenor[4], an expert in the recycling of metal scraps from industry[5].



Alongside industrial partners, The Future Is NEUTRAL aims at becoming a future European leader in closed-loop battery recycling, in line with regulations, and attractive to other car manufacturers by leveraging a world-class industrial process in terms of yield and purity to ensure the required level of recycled content in their batteries at the best cost.



To develop Europe's first closed-loop battery recycling offer, the entity relies on Europe's largest fleet of electric vehicles[6], high-content chemistry[7] and capitalises on INDRA's expanding network to assist in battery collection and GAIA's expertise in battery diagnosis. Finally, The Future Is NEUTRAL will also work with its battery manufacturer partners, such as Verkor, to pool their end-of-life batteries 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 the use of data, which it places at the heart of its business model to optimise the economic and environmental performance of its solutions.



The Future Is NEUTRAL also offers the automotive industry a consultancy service, as well as training dedicated to the circular economy, with the support of the Circular Mobility Industry (ICM) campus based in Flins, as part of the group's ReKnow University.




www.thefutureisneutral.com

 

 

1 Closed loop: i.e. from the car to the car.

2 Total Scope, Sum of the Parts.

3 Indra is a joint venture owned 50% by Renault Group and 50% by Suez.

4 Boone Comenor is a joint venture owned 33% by Renault Group and 67% by Suez.

5 In 10 years, the activities developed by the Gaia, Indra and Boone Comenor subsidiaries have already made it possible to recover 14 million tonnes of steel, the equivalent of more than 17 million vehicles, a year's production in Europe, and 12,000 tonnes of plastics and copper, enough to supply one year's production of Renault Megane in polypropylene.


6 900,000 Renault and Nissan electric vehicles on the road by 2022.

7 Chemicals rich in nickel, manganese, cobalt and lithium.






Astrid De Latude- photo Renault

Permanent-URL: http://www.automobilsport.com/renault-group-future-neutral-circular-economy-new-era---243858.html

13.10.2022 / MaP

More News

Stellantis - Signature of Framework Agreement Between the Fiat Brand and the Algerian Authorities
13.10.2022
...Aimed at Local Production of Vehicles and the Development of the Automotive Sector in AlgeriaA framework agreement was signed on today in Algiers between Mr. Samir Cherfan, Chief Operating Officer of Middle East & Africa region of Stellantis, a more >>
CUPRA and Boiler Room hit Munich to inspire a new generation through music
13.10.2022
    Unconventional challengers CUPRA and electronic music live streaming platform Boiler Room host music event in Munich’s Harry Klein club    The event brings together DJs Gabrielle Kwarteng and Venetta in the Munich CUPRA City Garage to chat and answer questions    The exciting line-up of Wall more >>
Opel Invites Young Designers to Create Unique Opel Rocks-e Concept -with video
13.10.2022
      “You design it. We build it”: Opel launches Rocks-e participatory design contest    Global: Social media campaign for design students under 27 years of age    Opel the approachable: Winning d more >>
Do I Need Full Auto Insurance Coverage on a Financed Car?
13.10.2022
Car insurance is a very vast and complicated topic to cover. But as a responsible adult and a driver, you need to know all the details about it to make sure not only that you get great car insurance coverage, but also save money at the same time. more >>
How will Honda build EVs for the US market? How about an EV hub in Ohio
12.10.2022
Honda just took the next critical step toward our electrified future with two major investments that will lead our plan to build EVs in America for our customers and help achieve our global goal to achieve carbon neutrality for all of our products and corporate activities by 2050. more >>
Porsche - New tasks for Frank-Steffen Walliser and Frank Moser
12.10.2022
Change of leadership for the 911 and 718 sports car model series A change of leadership for the sports car model series from Porsche. After more than three years as Vice President Model Lines 911 and 718, in the third quarter of 2022 Frank-Steffen Walliser p more >>
Honda and LG Energy Solution Announce Ohio as Home to Joint Venture EV Battery Plant
11.10.2022
    New joint venture company to produce battery modules in Fayette County, Ohio    EV batteries produced at JV plant to be provided to Honda plants for EV productionHonda and LG Energy Solution (LGES; KRX: 373220) today announced that their new joint venture (JV) battery plant will be located i more >>
Stellantis Fosters Circular Economy Ambitions with Dedicated Business Unit
11.10.2022
...to Power New Era of Sustainable Manufacturing and Consumption    Circular Economy plays a major role in Stellantis’ effort to reach industry-leading target of carbon net zero by 2038    “Crad more >>
Stellantis Signs Non-Binding MOU with GME for Future Offtake of Battery Grade Nickel and Cobalt Sulphate
11.10.2022
    Stellantis strengthens value chain for electric vehicle battery production supporting Dare Forward 2030 strategic plan targets    MOU represents first step toward potential long-term partnership for future offtake of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project  more >>
NIO announces details of its expansion into German, Dutch, Danish and Swedish markets at European launch event
07.10.2022
•    Users in Germany, the Netherlands, Denmark, and Sweden will have choice of three models, with first deliveries of ET7 due this month•    New, flexible NIO Subscription service designed to encourage EV adoption more >>
A Step Forward in Workforce Development: BMW Manufacturing Opens New Training Center.
07.10.2022
    Grows BMW’s Training Strategy to Inspire, Build, and Upskill the Workforce.    Center Will Be the North American Training Hub for Future Technologies.    Robotics Training Area is Designed With Maximum Flexibility.    Outdoor Workspaces Complement BMW’s Conne more >>
Understanding The Law And Car Modification In The UK
07.10.2022
As a car aficionado, it's important to ensure that you're aware of the law surrounding car modifications. There are plenty of different things you can do to your car to make it stand out from the crowd and ways in which yo more >>
Honda Reveals Styling of All-New Prologue Electrified SUV
06.10.2022
Charging Toward Adventure    First full-electric Honda SUV designed at the Honda Design Studio in Los Angeles launching in 2024    Prologue will complement Honda’s light truck lineup, po more >>
Ferrari LMH presentation at the Finali Mondiali at Imola
06.10.2022
A press conference at Imola saw the presentation of the Ferrari Finali Mondiali. This event will be held at the circuit dedicated to the founder of the Maranello manufacturer from 25 to 31 October. The circuit on the banks of the Santerno river will host the final event in the Attività Sportive GT racing year for the second time. more >>
Everrati unveils World's first electrified Porsche 911 964 wide body cabriolet
06.10.2022
•    Redefined Porsche 911 (964) ‘Wide Body’ Cabriolet - the first of its kind in the world - combines open-top, zero-emission motoring with iconic style   • &nbs more >>
Porsche expands online sales to include customer-configured cars
06.10.2022
 •    Online sales will soon be possible for customer-configured cars •    The new Car Configurator enhances the user experiencePorsche is adding new options for those wishing to buy its more >>
The new Audi R8 Coupé V10 GT RWD - High Performance in Its Purest Form
05.10.2022
Audi R8 Coupé V10 GT RWD Combined fuel consumption in l/100 km (62.1 mi) - NEDC; 15.0 - 14.9 (15.7 – 15.8 US mpg) (WLTP); combined CO2 emissions in g/km: - NEDC; 341 - 339 (548.8 – 545.6 g/mi) (WLTP)Only consumption and emissions values are only available according to WLT more >>
The new Maserati GranTurismo
04.10.2022
One of the brand’s icons is back: Maserati presents the new GranTurismo, marking a new chapter in a story that began 75 years ago with the Maserati A6 1500.The GranTurismo coupé combines the high performance typical of a sports ca more >>
New offers launched to get into a new Kia
04.10.2022
    5.9 per cent APR available across many of Kia’s latest and most popular models    7.9 per cent APR available on almost the entire Kia model line-up    Enhanced Loyalty campaign, now includes all-new Niro, XCeed and Soul EV more >>
BMW Clubs International Council announces new Chairman
30.09.2022
Scott E. Blazey succeeds David de Bruyn — new Chairman introduces himself.BMW Clubs and Community Management of the BMW Group Classic announces that the BMW Clubs International Council has a new chairman. Scott E. Blazey ( more >>
Kia announces 2023 Rio pricing
29.09.2022
As Kia’s entry-level vehicle, the sixth-generation Rio competes in the sub-compact segment and is an attractive option for customers looking for day-to-day efficiency, offering up to 41 MPG on the highway and a long list of amenities. Largely a car more >>
Dacia: The colours and materials that embody the brand
29.09.2022
A ‘D’ and a ‘C’, two letters dressed in white, joined together, forming a union at the heart of a black grille.   Dacia’s new ‘Dacia Link’ emblem, as seen on the front end of its vehicles, perfectly symbolises where the brand is headed in terms of colours and materials. Bold choices that hone in even mo more >>
CAKE launches a limited edition Kalk to support the global bee and pollinator population
28.09.2022
THE FLOWER POWER LIMITED EDITION CAKE, the Swedish maker of premium lightweight, electric motorcycles, launches the Flower Power Limited Edition mono-colored motorbikes to raise awareness and support by donating to the World Bee Project. more >>
Stellantis Celebrates 7 Million Vehicles Built at Europe’s Largest Light Commercial Vehicles Plant
28.09.2022
Image of Stellantis Sevel 7 millionth vehicle    Sevel (Italy) plant contributing to EU30 commercial vehicle market leadership, building FIAT Professional, Citroën, Peugeot, Opel and Vauxhall large van offers more >>
Kia America announces 2023 Niro Hybrid pricing
27.09.2022
    2023 Kia Niro starts at $26,490[i] (excludes destination)    Notable enhancements include larger dimensions for increased passenger room and more advanced technology    Lineup includes LX, EX, and SX trims, with optional Touring Package for extra flair Arrives at Kia retailers this month[ii] more >>
Alpine New A110 R: see you on October 4th!
27.09.2022
    Alpine to introduce a new A110: the new A110 R    A radical vision of agility designed for outright performance and breathtaking sensations on the track and on the road more >>
QUANTRON is joining forces with ETO Motors for Indo-German collaboration
27.09.2022
•    Quantron AG (Germany) and ETO Motors (India) plan to collaborate for the Indian market   •    Within the collaboration ETO will provide design and de more >>
The Lamborghini Aventador- end of an era
26.09.2022
Cease of production for the last pure Lamborghini V12, an iconic super sports car that defined a decadeAutomobili Lamborghini ceases production of the Aventador: a final Aventador LP 780-4 Ultimae Roadster, in a special more >>
Cleanest Dirt Bike Ever
22.09.2022
Sharing the calculation methodology of the Cleanest Dirt Bike Ever Following the last announcement of the Open Source project between Vattenfall & CAKE, with the aim to commercialize the first fossil free vehicle to be launched 2025 more >>
Punch Powertrain and Stellantis continue to expand their strategic partnership in electrification
22.09.2022
....with a manufacturing plant in Mirafiori, Italy   • Production of the next generation of electrified transmissions (e-DCT) is to be increased with the addition to the agreement of a factory in Mirafiori, Italy, complemen more >>
Tata AutoComp and Punch Powertrain to form a JV to deliver Powertrain products
22.09.2022
TATA AutoComp Systems Limited (Tata AutoComp) and Punch Powertrain have signed a Memorandum of Understanding (MoU) to form a 50/50 joint venture (subject to regulatory approvals) in their efforts to bring sustainable innovations in mobility solutions to the Indian market at an affordable cost. more >>
Punch Powertrain reveals new brand identity reflecting transformation and electrification
22.09.2022
During the company’s 50 years celebration in its headquarters in Sint-Truiden, Belgium, Punch Powertrain announces the release of its new vision, mission and brand identity, intended to strongly reflects the company’s widened product offering, agility and customer centricity, resulting from its ongoing transformation journey and its expansion into global markets. more >>
Punch Powertrain celebrates 50 years by announcing transformation and partnerships
22.09.2022
Gear-up for the future 2.0Punch Powertrain is celebrating its 50-year milestone at a ceremony attended by the company’s China-based shareholders and distinguished guests, including Lydia Peeters, Flanders Minister for Mobility and Publ more >>
Lamborghini - Beyond The Concrete photos
21.09.2022
Lamborghini Beyond The Concrete photos more >>
SKODA VISION GT: a digital design model of an emotive, all-electric racing car
20.09.2022
- Computer-animated model developed by ŠKODA Design is inspired by the ŠKODA 1100 OHC- Study features in the ‘Design and Transformation’ exhibition in Brussels, organised as part of the Czech Republic’s EU Presidency- VISION GT sports active aerodynamics, new ŠKODA wordmark at front and rear more >>
Bold Design Captures Ford Raptor Family DNA In Next-Gen Ranger Raptor
20.09.2022
•    A behind-the-scenes look at the process to create the most powerful Ranger Raptor yet•    4000kg of clay, hundreds of sketches, litres of paint and thousands of hours work went into creating the next-generation Ranger Raptor•    Every detail hand crafted to deliver both form, funct more >>
Kia Announces 2023 Sorento PHEV
20.09.2022
For the 2023 model year, the Sorento PHEV has been streamlined to one range-topping SX-P trim. While the SX-P was already fully equipped with an upscale interior, technology, standard AWD, and an expansive suite of standard Advanced Driver Assistance more >>
Michelin Launches The Defender® 2 Tire
19.09.2022
..., Which Delivers Two Years of Extra Treadlife Compared to Three Leading Competitive Tires   • The MICHELIN® Defender® 2 tire outlasted three leading competitive tires by more th more >>
Lamborghini LMDh prototype car will fit a V8 twin-turbo hybrid engine
19.09.2022
The internal combustion V8 twin-turbo is the first racing engine fully developed by Squadra Corse   Lamborghini Squadra Corse has unveiled the first technical specifications of its LMDh project for its upcoming venture into the Hypercar more >>
2001-2023 copyright automobilsport.com