Distributed Energy Resources, Energy Efficiency, GHG Emissions, Industrial - October 26, 2023
Stellantis Enters EV Battery Recycling Agreement
Stellantis N.V. announced the signing of a memorandum of understanding to establish a joint venture for recycling end-of-life electric vehicle batteries and scrap from gigafactories in Europe and North America.
The agreement, which was signed with Orano, capitalizes on the company's low-carbon technology that allows for the recovery of all materials from lithium-ion batteries and the manufacturing of new cathode materials.
Stellantis will be able to secure additional access to cobalt, nickel, and lithium, necessary materials for electrification and the energy transition.
“The United Nations’ Sustainable Development Goals has confirmed the need to find solutions like this one with Orano to meet the challenge of natural resource scarcity and sustainability,” said Stellantis Senior Vice President, Circular Economy Business Unit, Alison Jones in a statement. “Guided by our Dare Forward 2030 strategic plan, Stellantis is committed to shifting its production and consumption model by fulfilling its circular economy commitment.”
The joint venture will produce materials also known as “black mass” or “active mass.” This can be refined in Orano’s hydrometallurgical plant to be built in Dunkirk, France, so the materials could be re-used in batteries.
Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
Production will begin in the first part of 2026, reusing existing Stellantis assets and facilities.
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