Stellantis and Orano's Partnership for EV Battery Recycling
【Summary】Stellantis and Orano are forming a joint venture to recycle EV batteries and scrap from gigafactories. This will enhance Stellantis' position in the EV battery value chain and provide access to key materials like cobalt, nickel, and lithium. The JV will produce materials that can be refined and reused in batteries, promoting a circular economy.
Stellantis N.V., formerly known as Fiat Chrysler, announced on Tuesday that it has reached a memorandum of understanding with Orano to establish a joint venture. The purpose of this joint venture is to recycle end-of-life electric vehicle (EV) batteries and scrap from gigafactories in Enlarged Europe and North America. This strategic move aims to strengthen Stellantis' position in the EV battery value chain by ensuring a reliable supply of cobalt, nickel, and lithium, which are crucial for the electrification and energy transition. Orano, a French company with 17,000 employees, is involved in various activities such as uranium mining, conversion-enrichment, spent fuel recycling, nuclear logistics, dismantling, and nuclear cycle engineering.
The joint venture will focus on producing materials known as "black mass" or "active mass." These materials can be further refined at Orano's planned hydrometallurgical plant in Dunkirk. By refining these materials, they can be reused in batteries, thus contributing to the concept of a circular economy. This collaboration between Stellantis and Orano aims to close the loop in the lifecycle of EV batteries, ensuring that valuable resources are not wasted and can be reused.
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