Dow inks MoU with Fiori Group for sustainable solutions for circularity in the mobility market
General

Dow inks MoU with Fiori Group for sustainable solutions for circularity in the mobility market

This partnership allows both companies to work together along the European value chain, enlarging ecosystems to recycle materials obtained from end-of-life vehicles

  • By ICN Bureau | July 01, 2024

Dow and Fiori Group, a company that collects, stores and processes ferrous and non-ferrous materials, announced the signing of a memorandum of understanding (MoU) to collaborate in the development of a new ecosystem for recycling end-of-life (EOL) parts and materials of vehicles.

The MoU addresses both companies’ intent to handle analysis of the dismantling process and its impact on EOL waste fraction quality and suitability for recycling processes, as well as to create the new ecosystem business model under a ‘test and learn’ practice. Fiori Group and Dow MobilityScience teams will provide timely updates on experiments’ results, collaborating transparently to create a valuable prototype for recycling EOL vehicle parts and materials.

“Our extensive capabilities in the reuse of metals and non-metal materials, and the sorting of different materials from end-of-life vehicles, have positioned us as a market leader for recycling in Italy,” said Mauro Grotto, vice president of Italmetalli, a Fiori Group company. “Our collaboration with Dow grants us to be ranked in the forefront of seeking new solutions to reach European end-of-life vehicle recycling targets and is in line with our guiding pillars of scientific research, restoring the value of waste and communicating this value in an open and educational way".

“As two leaders committed to fostering a circular economy for polymers, plastics and polyurethanes, collaborative innovation is key to accelerating sustainable mobility,” said Dr. Esther Quintanilla, Dow’s global MobilityScience marketing director. “By joining forces with Fiori Group, we are strengthening our commitment to a sustainable future for the automotive industry through our leading materials in this key growth segment and their expertise in expanding the recycled fraction from end-of-life vehicles.”

Register Now to Attend Navigating the Path to Net-zero in the Chemicals Industry on Friday, 26 July 2024

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization