SP Member News Roundup – January 2022

SP provides a forum for global automotive manufacturers, their large and small suppliers, the US EPA and other government entities from around the world to work together toward a shared vision of an automotive industry with positive environmental impact.

This monthly series collects recent news and updates though January 2022 highlighting efforts of SP member companies and partners to advance initiatives with positive environmental impact.

• Avangard Innovative Will Use Honeywell’s Advanced Plastics Recycling Technology. Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. The facility will use Honeywell’s recently announced UpCycle Process Technology to transform end-of-life plastic waste into recycled polymer feedstock that can be used to create new plastics. Learn more.
• Bolder Industries and Tauber Oil Partnership Charts New Path for Petrochemical Sustainability. Bolder Industries, Inc. announced a landmark 20-year strategic marketing agreement with Tauber Oil Company for exclusive offtake of BolderOil^TM, its sustainably derived petrochemical product. Learn more.
• Covanta Releases 2021 Sustainability Report. Covanta has released its 2021 Sustainability Report, covering its sustainability efforts, operational data, community work and other key areas. Learn more.
• Cox Automotive Unveils Global Mobility Division to Serve World’s Fleets. Cox Automotive has signaled its future mobility intent with the launch of a new global division – Cox Automotive Mobility – targeting emerging transport technologies. Cox Automotive Mobility will guide the growth of mobility-focused digital and physical services, product development and investments throughout the U.S., UK, Continental Europe, Canada and Mexico, with additional geographic expansion planned in the future. Learn more.
• GM Accelerates EV Transformation with $7 Billion Investment in Michigan. General Motors Co. announced an investment of more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Learn more.
• RMI and GM Team Up to Drive Equity and Affordability into EV Charging Infrastructure. RMI has received a catalytic grant of $750,000 from General Motors (GM) to support work that will identify electric vehicle “charging deserts” in low-income communities across major North American cities and will create a large government, industry, and community stakeholder effort to streamline residential and public EV charging infrastructure permitting. Learn more.
• HG Ventures Invests in and Partners with American Rare Earth To Expand Battery Recycling and Metals Supply for U.S. Manufacturing. HG Ventures announced that it has invested in and formed a strategic partnership with American Rare Earth LLC, a subsidiary of the American Resources Corporation to scale up recycling of batteries, magnets and e-waste to recover and supply critical and rare earth metals to U.S. and global markets and contribute to the circular economy.  Learn more.
• ICL Awarded Prestigious Gold Medal by EcoVadis. ICL announced it has been awarded the prestigious gold medal rating by EcoVadis, for the first time, meaning it is ranked in the top 5% out of 75,000 rated suppliers. Learn More.
• Li-Cycle Expands Partnership with Ultium Cells LLC. Li-Cycle Holdings Corp. announced that the Company will operate its sixth and largest lithium-ion battery recycling Spoke facility at the Ultium Cells LLC battery cell manufacturing mega-factory site in Warren, Ohio. Ultium Cells is a joint venture between General Motors and LG Energy Solution. Learn more.
• Li-Cycle & Strategic Partners to Build New Lithium-ion Battery Recycling Facility in Norway. Li-Cycle Holdings Corp. announced that it has formed a joint venture with ECO STOR AS and Morrow Batteries AS. Li-Cycle will be the majority owner of the joint venture, with ECO STOR and Morrow being minority owners and Nordic-headquartered strategic partners. Through this vehicle, Li-Cycle will construct a new commercial lithium-ion battery recycling facility in southern Norway. Learn more.
• Norican starts ambitious net-zero journey under auspices of Science-Based Targets initiative. Norican Group, home to DISA, ItalPresseGauss, StrikoWestofen and Wheelabrator, has signed its commitment letter to the Science-Based Targets Initiative (SBTi). Following the commitment, Norican and its brands will now develop both near-term emissions reduction and longer-term net zero targets with the help of SBTi guidance, with a view to officially submitting its science-based targets for SBTi approval and start tracking performance against them in 2023. Learn more.
• Toyota Releases 2021 North American Environmental Report. Toyota released an update on its continued efforts to aggressively pursue technologies and find additional ways to reduce its environmental footprint for all of its North American operations and products with the aim of achieving carbon neutrality by 2050. Learn more.
• Yamaha Rightwaters™ Program Recycles 10,000 Pounds of Plastic, Validates Pilot. The Yamaha Rightwaters plastics recycling program returned more than 10,000 pounds of Polyethylene and Polypropylene sheet plastics back to base materials during 2021, proving a pilot concept the sustainability initiative hopes to expand in 2022. Learn more.

SP members may send their environmental sustainability news to info@supplierspartnership.org for consideration in future news roundups. And, be sure to follow us on LinkedIn to keep up with the latest SP news and updates.