Waste giant Veolia and automotive plastics supplier Faurecia have signed a cooperation and research agreement to jointly develop innovative recycled automotive plastic compounds.
The aim is to achieve an average of 30% recycled content by 2025 for car interior compounds. Veolia will begin producing the materials in France next year.
For over five years, Veolia has been providing polypropylene compounds to the automotive industry, but this partnership will allow it to expand its automotive product range to interiors.
Faurecia chief executive Patrick Koller said: “As an automotive supplier with an industry-leading portfolio in sustainable materials, we are uniquely positioned to provide innovative solutions to carmakers and their customers.
“By combining our innovation and industrial forces with Veolia, we will accelerate the introduction of breakthrough sustainable materials and their time-to-market, as well as contributing to reducing plastic waste and strengthening the circular economy.”
Veolia Group chief operating officer Estelle Brachlianoff said: ““As demand for recycled plastic increases across all sectors in the context of resource scarcity, there is a need to recycle more plastic waste streams.
“The collaboration with Faurecia allows us to increase our supply of secondary raw materials to the automotive industry through the development of high value-added compounds. These sustainable interior solutions will also be a strong contributor to sustainable mobility, which is at the heart of the ecological transformation.
“Active alongside the entire recycling value chain, Veolia is growing its plastic recycling capacities with continuous investment in the industrialisation and expansion of our existing recycling sites in France and globally, with the objective to reach €1 billion turnover by 2025.”