Porsche AG and aluminum producer Norsk Hydro ASA announce that they have jointly signed a memorandum of understanding. Together, the two companies aim to improve the carbon footprint of Porsche vehicles through CO2-reduced aluminum and aluminum extrusions.<\/p>\n\n\n\n
The companies also plan to develop a concept for an innovative value chain for battery materials as well as their recycling.<\/p>\n\n\n\n
According to Porsche, Hydro will supply the company and various Porsche suppliers with Hydro Reduxa 4.0 low-CO2 aluminum.<\/p>\n\n\n\n
According to the company, the aluminum starting material has one of the lowest CO2 footprints on the market and is produced using renewable energy. Porsche plans to reduce the carbon footprint of aluminum in new vehicle projects to about 3.5 kilograms of CO2 per kilogram of aluminum used by 2025.<\/p>\n\n\n\n
Barbara Frenkel, member of the executive board for procurement at Porsche AG, said Porsche is aiming for a balance sheet CO2-neutral value chain by 2030. “Aluminum and the materials for battery production play a key role in our sustainability strategy,” Frenkel adds.<\/p>\n\n\n\n
Hydra also plans to promote the use of renewable energy in aluminum production and the recycling of consumer scrap, he said. This should help improve the circular economy and the carbon footprint of the aluminum produced.<\/p>\n\n\n\n
As part of their collaboration, the two companies also plan to conduct a feasibility study to develop a sustainable battery value chain in Europe.<\/p>\n\n\n\n
Porsche reports that the companies will jointly develop a plan for recycling battery materials in Europe. In particular, they will explore the possibility of creating efficient closed-loop systems for batteries in Porsche electric vehicles.<\/p>\n\n\n\n
The two companies expect to be able to present initial results on the feasibility of joint battery recycling in 2025.<\/p>\n\n\n\n