Veolia and Faurecia partner on recycled materials for car interiors

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May well 2 (Reuters) – Veolia (VIE.PA) and Faurecia (EPED.PA) have signed a cooperation and research partnership with an goal to use on typical 30% of recycled plastics in car or truck interiors by 2025, the French recycling firm and motor vehicle components maker explained in a joint statement on Tuesday.

The collaboration, beneath which recycled plastics will be utilized in instrument panels, doorway panels and centre consoles in automobiles throughout Europe, will lower Faurecia’s carbon footprint, supporting it progress its CO2 neutrality strategy, and extend Veolia’s item range to vehicle interiors.

“The use of recycled plastics is a person of the vital problems for the ecological transformation of the automotive marketplace … Right now, automotive interiors are generally made of virgin materials,” the corporations reported in the statement.

Veolia, which has just lately closed the acquisition of its competitor Suez, will start out the production of secondary raw elements at its present recycling websites in France from 2023.

“Veolia is expanding its plastic recycling capacities with continual expenditure in the industrialisation and expansion of our current recycling sites in France and globally, with the goal to reach 1 billion euro turnover by 2025,” the company’s main operating officer Estelle Brachlianoff mentioned in the statement.

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Reporting by Dagmarah Mackos, Modifying by Louise Heavens

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