Stellantis & Galloo to Form Joint Venture for End-of-Life Vehicle Recycling

Stellantis N.V. and European metals recycler Galloo have signed a Memorandum of Understanding (MoU) to enter into exclusive negotiations to form a joint venture (JV) focused on End-of-Life Vehicle (ELV) recycling. The JV will collect ELVs from the last owner, enabling the recovering of parts for reuse, remanufacturing, and recycling.

The service is expected to launch at the end of 2023 with an initial focus on France, Belgium and Luxembourg, and then expanding across Europe.

The JV will offer its services to other automakers.

Every year, Galloo gives a second life to more than 1 million tonnes of steel and more than 60,000 tonnes of metals, and 35.000 tons of technical plastics, ensuring an environmental impact as low as possible.

Alison Jones, Stellantis Senior Vice President for Global Circular Economy, says: “Making it easy for customers to recycle their End-of-Life Vehicles is a crucial element to reduce the environmental impact of our vehicles. Returning parts and materials to the value chain preserves scarce resources and helps our drive to reach carbon net zero by 2038. We look forward to implementing the program this year and quickly expanding.”

“We are delighted to announce a new step forward in our long relationship first with Peugeot and Citroën, and now Stellantis, as we continue to lead the way in sustainable and responsible business by taking End-of-Life Vehicle recycling to a next level,” adds Rik Debaere, Galloo CEO. “Together with Stellantis, we are driving innovation and ensuring a more sustainable future for all.”

The ELV recycling program also supports the Stellantis goal of having 40% green materials in new vehicles by 2030.