Iveco Group chooses BASF as first recycling partner for electric vehicle batteries
23 Gennaio 2024 - 10:10AM
Turin, Italy / Ludwigshafen, Germany, 23 January
2024. Iveco Group (EXM: IVG) announces the selection of BASF (FWB:
BAS), the world’s leading chemical company and biggest chemical
supplier for the automotive industry, as its first partner to
provide a recycling solution for the lithium-ion batteries of the
Group’s electric vehicles.
This decision is part of Iveco Group’s circular
economy strategy which follows the 4R Framework - Repair,
Refurbish, Repurpose and Recycling - to increase the lifetime of
the batteries while decreasing their overall environmental impact
and ensure compliance with the Extended Producer Responsibility
policy, which holds producers responsible for the entire life cycle
of the products they introduce on the market, from their design
until end-of-life.
BASF, which has recently inaugurated Europe’s
first co-located center of battery material production and battery
recycling in Schwarzheide, Germany, will organize and manage the
entire recycling process for the lithium-ion batteries used on
Iveco Group electric vans, buses and trucks. The agreement includes
the collection, packaging, transport, and recycling of batteries,
in various European countries including, among others, France,
Germany and UK. After collection, BASF will mechanically process
the batteries to black mass, from which critical raw materials –
such as nickel, cobalt, lithium – can be extracted and recovered
for use in the manufacturing of new batteries. Thus, BASF will
establish the full battery recycling value chain in Europe to
locally provide recycled metals with a low carbon footprint for the
battery industry.
“Life cycle thinking is one of our strategic
sustainability priorities”, commented Angela Qu, Chief Supply Chain
Officer, Iveco Group. “BASF shares this approach with us, and its
broad battery collection network and recycling capabilities in
Europe will help us close the loop from end-of-life batteries to
new ones. Working together we will enable a circular economy and
reduce our CO2 footprint, which is fully in line with the Group’s
commitment to reach net zero carbon by 2040.”
“The partnership with Iveco Group is our first
agreement to recycle batteries from electric vans, buses and trucks
and an important step for our battery recycling business to expand
our activities into the commercial vehicle space”, said Dr. Daniel
Schönfelder, President of BASF’s Catalysts division, who is also
responsible for the company’s battery materials and battery
recycling business. “It will allow us to further strengthen our
European collection network and make further progress in this
developing market. With our recycling solutions, we aim to support
the European market to close the loop and meet the ambitious
circular economy-focused policy requirements of the EU Battery
Regulation.”
Iveco Group N.V. (EXM:
IVG) is the home of unique people and brands that power
your business and mission to advance a more sustainable society.
The eight brands are each a major force in its specific business:
IVECO, a pioneering commercial vehicles brand that designs,
manufactures, and markets heavy, medium, and light-duty trucks; FPT
Industrial, a global leader in a vast array of advanced powertrain
technologies in the agriculture, construction, marine, power
generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ,
mass-transit and premium bus and coach brands; IDV, for highly
specialised defence and civil protection equipment; ASTRA, a leader
in large-scale heavy-duty quarry and construction vehicles;
MAGIRUS, the industry-reputed firefighting vehicle and equipment
manufacturer; and IVECO CAPITAL, the financing arm which supports
them all. Iveco Group employs more than 35,000 people around the
world and has 20 industrial sites and 29 R&D centres. Further
information is available on the Company’s website
www.ivecogroup.com
Iveco Group Media Contacts:Francesco
Polsinelli, Tel: +39 335 1776091Fabio Lepore, Tel: +39 335
7469007E-mail: mediarelations@ivecogroup.com
About BASF Battery Materials and
Recycling BASF is a leading global supplier of advanced
cathode active materials (CAM) for the lithium-ion batteries
market, providing high performance CAM to the world’s largest cell
producers and for leading platforms of OEMs. In addition, we offer
base metals sourcing and management as well as closed loop battery
recycling solutions. By leveraging our industry-leading R&D
platforms and passion for innovation, BASF’s Battery Materials and
Recycling unit develops unique, proprietary solutions that drive
customer success. BASF Battery Materials and Recycling is part of
BASF’s Catalysts division. The division’s portfolio also includes
Environmental Catalysts and Metal Solutions, as well as Process
Catalysts. Customers from a variety of industries including
Automotive & Transportation, Chemicals, Plastics or Energy
& Resources benefit from our innovative solutions. Further
information on BASF’s Catalysts division is available on the
Internet at www.catalysts.basf.com.
BASF Media Contact:Sarah
Katharina MüllerTel. +49 173 3099
741sarah-katharina.mueller@basf.com
- 20240123_PR_Iveco_Group_BASF_batteries_recycling
Grafico Azioni Iveco Group NV (BIT:IVG)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Iveco Group NV (BIT:IVG)
Storico
Da Mag 2023 a Mag 2024