May 2 (Reuters) – Veolia (VIE.PA) and Faurecia (EPED.PA) have signed a cooperation and research partnership aimed at using an average of 30% recycled plastics in car interiors by 2025, announced the French recycling and recycling company said the parts maker in a joint statement on Tuesday.
The collaboration, in which recycled plastics will be used in dashboards, door panels and center consoles of cars across Europe, will reduce Faurecia’s carbon footprint, help it advance its CO2 neutrality plan and to extend Veolia’s product range to vehicle interiors.
“Using recycled plastics is one of the main challenges in the green transformation of the automotive industry… Today, automotive interiors are made mostly of virgin materials,” the companies said in the statement.
Veolia, which recently completed the acquisition of its competitor Suez, will start producing secondary raw materials at its existing recycling sites in France from 2023.
“Veolia is developing its plastic recycling capacities with continuous investments in the industrialization and expansion of our existing recycling sites in France and around the world, with the objective of reaching 1 billion euros in turnover. business by 2025,” the company’s chief executive, Estelle Brachlianoff, said in the statement. .
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Reporting by Dagmarah Mackos, editing by Louise Heavens
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