STLA - Stellantis Launches First Circular Economy Hub In Turin To Achieve Net-Zero Emissions | Benzinga
Auto industry giant Stellantis N.V. (NYSE:STLA) has officially introduced its SUSTAINera Circular Economy Hub (CE Hub) at the Mirafiori Complex in Turin, Italy. This development is part of the company’s broad-based strategy to realize its Circular Economy goals.
What Happened: As per the official press release, the cutting-edge CE Hub is designed to prolong the lifespan of automotive parts and vehicles. The hub will repurpose materials for recycling once they are no longer suitable for reuse, reincorporating them into the manufacturing process for new parts and vehicles.
The CE Hub is an important milestone in Stellantis’s ambitious decarbonization goal, which seeks to achieve net-zero carbon emissions by 2038. The hub will facilitate four activities under the 4R (Reman, Repair, Reuse, Recycle) strategy, with plans to further expand.
Carlos Tavares, CEO of Stellantis, highlighted the hub’s significance in establishing a high-performing center of excellence in Europe, saying, “The Circular Economy Hub brings together a powerhouse of skills ...