The Future Is NEUTRAL: The circular economy is stepping into a new era!
by Renault | October 14, 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.
•Bringing together all the existing expertise of the group and its partners in this activity, this new entity offers closed-loop1 recycling solutions at each stage of a vehicle's life: supply of parts and raw materials, production, use and end of life.
•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 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 and an operating margin of more than 10% 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.'
Photo credit: Renault
posted on conceptcarz.com
•With the objective of the business portfolio reaching a turnover2 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.
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.
posted on conceptcarz.com
Related Posts
Recent Posts
- Round 1, Navarra: 4 unique winners to start the season
- Toyota Expands Commitment to Hydrogen Society with Fleet, Infrastructure and Next-Gen System Debut
- Chance Hymas Leads Red Riders With Sixth at Pittsburgh Supercross
- Subaru of America and Operation Warm Win 2025 Gold Halo Award for Best Direct Service Initiative
- Nissan Rogue Scores Three-Peat Win in Cars.com 2025 Compact SUV Challenge