News: Porsche and Hydro sign Agreement in Oslo
Earlier last week German Luxury Sports car manufacturer Porsche AG and Norwegian industrial company Norsk Hydro ASA signed an agreement in Oslo. Further, Porsche and Hydro shall be working together to reduce the carbon footprint of Porsche, this shall be done by using low-carbon aluminum and extrusions from Hydro. In addition, Porsche and Hydro shall synergize on an innovative value chain idea for battery materials and their recycling. This shall further strengthen the sustainability strategies of both companies.
Porsche & Hydro Aim CO2 Neutrality by 2030
Further, Hydro shall deliver a low-carbon aluminum Hydro Reduxa 4.0 and lower to Porsche and several component suppliers. This primary aluminum alloy is produced with renewable energy and has one of the lowest CO2 footprints on the market at present. With the support of Hydro, Porsche will have lower use of aluminum in future vehicles. By 2025, around 3.5kg of CO2 per kg of aluminum shall be used. Which is nearly 60% lower than the average primary aluminum utilized in Europe at present.
The use of aluminum has been steadily increasing in Porsche cars because of its superior properties in pliability, light weight and strength. Aluminum plays a vital role in transforming an electric vehicle into a sports car. Porsche Taycan, the pioneer fully electric sports car by Porsche comprises 30% of aluminum towards the total weight of the vehicle. Porsche and Hydro aim to decarbonize and achieve CO2 Neutrality by 2030. To achieve the 2030 target Hydro shall increase the use of renewable energy in aluminum production. Moreover, they shall recycle post-consumer scrap to increase circularity and reduce the impression of the aluminum produced.
Additionally, both Porsche and Hydro have agreed to build a sustainable battery value chain in Europe. Porsche and Hydro are working together to develop a roadmap for recycling battery materials in Europe. Building an efficient closed-loop solution for Porsche’s EV batteries shall be one of the key elements of this project.
Porsche and Hydro | Stakeholders
Barbara Frenkel | Executive Board Member | Procurement | Porsche AG
Porsche is committed to achieving a net carbon-neutral value chain for their vehicles by 2030. Moreover, aluminum and materials used for battery production play a crucial role in their sustainability strategy. By working with Hydro and using their low-carbon aluminum, Porsche aims to significantly reduce the CO2 emissions associated with this important material. This collaboration is part of Porsche’s ambitious decarbonization plans and their commitment to increasing the usage of recycled materials in their vehicles, in line with the principles of a circular economy.
Hilde Merete Aasheim | President and CEO | Hydro.
Emphasizing the importance of decarbonizing energy systems, producing for circularity, and recycling resources already in use to reduce global warming. Further, aluminum is a key enabler in the green transition, but supply chains must become emission-free. Aasheim also expressed her pleasure in working with Porsche, a pioneer in the automotive industry, to achieve their common goal. That’s creating a nearly carbon-free car through their collaboration on using low-carbon aluminum and developing a sustainable battery value chain. This partnership reflects the need for industries to collaborate and work towards a sustainable future.
The European supply chain for materials important for battery production is in its preliminary stage. Hence, to meet the rising demand for automotive batteries in the coming future Recycling shall play a crucial role.
The companies plan to share the first feasibility results of joint battery recycling in 2025, which could potentially be a significant step towards a more circular economy and a sustainable future for the automotive industry.