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Top related persons:
Galloo - 1 Stellantis - 1 Alison Jones - 1 Jones - 1 Giulio Piovaccari - 1 Gilles Guillaume - 1 David Evans - 1
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☆ Stellantis in talks for parts and material recycling JV with Galloo
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +2 min
Companies Stellantis NV FollowMILAN, June 5 (Reuters) - Carmaker Stellantis (STLAM.MI) and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused on parts and material recycling from end-of-life vehicles, the two companies said on Monday. The JV will offer its services to Stellantis and other automakers. Stellantis has set a goal to have 40% of green materials in its vehicles by 2030. The world's third largest carmaker by sales has plans to boost recycling revenue ten-fold and parts revenue 4-fold by 2030, compared to 2021, targeting over 2 billion euros ($2.1 billion) in revenue from its circular economy business by that date. Jones said the JV would also rely on Stellantis' main circular economy hub, which the group is setting-up in its Mirafiori complex in Turin, Italy.
Persons: Galloo, Stellantis, Alison Jones, Jones, Giulio Piovaccari, Gilles Guillaume, David Evans Organizations: MILAN, JV, Global, Thomson Locations: France, Belgium, Luxembourg, Europe, Stellantis, Turin, Italy
☆ Stellantis set to boost recycled material content in vehicles
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Oct 11 (Reuters) - Stellantis (STLA.MI) will seek to upgrade its mid-term target for the minimum percentage of recycled material in its vehicles from 35%, the carmaker's Senior Vice President Global Circular Economy Alison Jones said on Tuesday. In its business plan Stellantis has set a goal to boost revenues of its recycling business ten-fold to over 2 billion euros ($1.94 billion) by 2030. "We talk about having a minimum target of 35% of recycled materials in our vehicles, it will vary by vehicles," Jones said. "Of course we'll look to increase that, because we want to make sure we take more material and put it back in our vehicles going forward," she added without specifying what she would increase the percentage to. ($1 = 1.0310 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
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