SUEZ to Acquires 20% Stake in Renault's Recycling Unit, The Future Is NEUTRAL

France's SUEZ is to take a 20% stake in Renault's recycling and circular economy unit, The Future Is NEUTRAL. Through this cooperation, The Future Is NEUTRAL will receive €140 million from its two shareholders to boost and broaden its operation serving Europe’s entire automotive industry.

The goal of the two companies is to work with the various players in the sector to lessen their impact on natural resources, stay ahead of developments in regulation and provide new sources of recycled materials and parts.

SUEZ, a lleader in waste recycling and recovery. will bring Its expertise in automobile waste management (collection, massification, sorting and material recovery).

The Future Is NEUTRAL, which was launched at Renault Group’s initiative, provides comprehensive circular economy solutions for all automotive sector players – carmakers, equipment manufacturers, distributors, insurers and private customers.

Luca de Meo, CEO of Renault Group., says: “SUEZ’s decision to team up with us in The Future Is NEUTRAL is new evidence that coming up with this model was the right move. Our joint investment will allow us to accelerate in order to provide an open circular economy platform that meets the needs of all players in the automotive industry, in growing activities. We are doing this by strengthening existing operations and creating new closed-loop recycling solutions, from car to car.” 

Sabrina Soussan, Chairman and CEO of SUEZ, adds: “By investing in The Future Is NEUTRAL alongside Renault Group, SUEZ is moving into a stronger position to support automotive industry players on their ecological transition. Securing secondary raw material supplies is one of the key challenges the automotive sector has to address over the coming years. Our expertise in waste recycling and recovery will enable us to support the sector’s transformation as it transitions towards more circularity and to reduce its reliance on virgin raw materials.” 

Renault will contribute:its expertise in automobile eco-design and the skills of its teams.