Jim Fitterling Chair and Chief Executive Officer at Dow Chemical Company | Official website
Jim Fitterling Chair and Chief Executive Officer at Dow Chemical Company | Official website
MIDLAND, Mich., June 28, 2024 – Dow (NYSE: DOW) and Fiori Group have announced the signing of a memorandum of understanding (MoU) to collaborate on developing a new ecosystem for recycling end-of-life (EOL) parts and materials from vehicles.
The MoU outlines both companies' intent to analyze the dismantling process and its impact on EOL waste fraction quality and suitability for recycling. Additionally, they aim to create a new business model under a 'test and learn' practice. The Fiori Group and Dow MobilityScience™ teams will provide updates on experimental results, working transparently to develop 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.”
As part of its sustainability strategy, Dow is increasingly focused on new sustainable solutions including technology for mechanical and chemical recycling from different materials currently considered waste. The collaboration between Dow and Fiori Group will feature an automotive and mobility recycling program utilizing the Dow Renuva™ portfolio of recycled materials.
Dow MobilityScience™ pioneers innovation that drives global progress with world-class technical capabilities and diverse material science options. From addressing challenges like decarbonization to enhancing EV performance, Dow remains at the forefront of advancing mobility.
About Dow
Dow (NYSE: DOW) is one of the world’s leading materials science companies serving customers in high-growth markets such as packaging, infrastructure, mobility, and consumer applications. With operations in 31 countries employing approximately 35,900 people globally, Dow delivered sales of approximately $45 billion in 2023. For more information about Dow's innovations and sustainability efforts visit www.dow.com.
About Fiori Group
Fiori Group has been operating for around 70 years as one of Italy's main companies in ferrous and non-ferrous scrap recycling sector. Committed to combining economic development with environmental protection through technologically advanced solutions, Fiori Group adheres to EMAS Regulation at its Crespellano-Bologna (Italmetalli) and Rome (Italferro) plants. The group operates several lines dedicated to other non-ferrous metal waste alongside two ELVs shredding mills. It has an annual turnover of 450 million euros with approximately 200 employees.
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