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Monday, Dec 4, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Alternative Energy

Stellantis and Orano enter joint venture for recycling electric vehicle batteries

Production will begin in the first part of 2026, reusing existing Stellantis assets and facilities

Stellantis and Orano enter joint venture for recycling electric vehicle batteries2
Photo via Stellantis.

Stellantis N.V (NYSE: STLA) (Euronext Milan: STLAM) (Euronext Paris: STLAP) and the French nuclear fuel firm Orano recently formalized a partnership to create a joint venture focused on recycling end-of-life electric vehicle batteries and scrap materials from factories in Europe and North America.

The memorandum of understanding was announced on Tuesday and aims to enhance Stellantis’ presence in the electric vehicle battery supply chain by securing access to crucial resources like cobalt, nickel and lithium, essential for electric vehicle production and the broader energy transition.

Orano’s technology enables the recovery of all materials from lithium-ion batteries and the production of new cathode materials.

These reclaimed materials, often referred to as “black mass” or “active mass,” can be further refined at Orano’s planned hydrometallurgical plant in Dunkirk, France, to be reused in new batteries, promoting the principles of a circular economy.

Orano’s technology boasts remarkable recovery rates of metals, exceeding 90 per cent, which is crucial for meeting the recycling rate requirements set by the European Commission for electric vehicle batteries.

Stellantis and Orano enter joint venture for recycling electric vehicle batteries2

Photo via Orano.

Read more: Stellantis invests additional $160M in McEwen Copper’s Los Azules operation

Read more: Stellantis takes 20% stake in Argentina lithium explorer for US$90M

Given the increasing global demand for strategic metals and Europe’s strategic reliance on these materials, Orano is a significant player in the integrated value chain, from battery recycling to cathode material production.

The new venture will help Stellantis’ partners, its after-sales network and other original equipment manufacturers with a solution to manage end-of-life batteries and scrap from gigafactories.

Production will begin in the first part of 2026, reusing existing Stellantis assets and facilities. Investments to reskill and upskill Stellantis and Orano employees will open sustainable perspectives for people in their new assignments.

Within Stellantis’ Dare Forward 2030 strategic plan, its circular economy business unit is striving to boost recycling revenues tenfold and reach a total of over €2 billion in circular economy revenues by 2030.

Stellantis is making steady progress towards its goal of becoming a carbon-neutral corporation by 2038, encompassing all emissions categories, with a commitment to offsetting the remaining emissions at a single-digit percentage level.

“We are delighted with this partnership with a major player such as Stellantis to work together in the recycling of used electric batteries,” Orano’s director of innovation Guillaume Dureau said in a statement.

“We are proud to bring our expertise and know-how with our innovative and disruptive process which allows a real closed loop,” Dureau added.

“Orano continues its commitment to developing a low-carbon economy with the recycling of strategic materials for the energy transition and the circular economy.”


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1 Comment

1 Comment

  1. Olivia Wylson

    November 24, 2023 at 9:07 am

    This is truly a groundbreaking collaboration! It’s heartening to see industries coming together to address the crucial issue of electric vehicle battery recycling. Kudos to Stellantis and Orano for taking this bold step toward sustainability. My advice to everyone: Let’s stay informed and continue supporting initiatives that pave the way for a greener future. Remember, every small effort counts!

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