MATERI’ACT Dallas
MATERI’ACT, a company of the FORVIA group, France’s first and the world’s seventh-largest automotive technology supplier, is setting up in North America through MATERI’ACT Dallas, a joint-venture with PCR Recycling. MATERI’ACT Dallas will accelerate the development and delivery of recycled compounds for sustainable automotive products with up to 85% CO2 reduction in 2030.
Based in Dallas, TX, MATERI’ACT Dallas’ mission is to secure a local and long-term feedstock of post-consumer recycled plastics and to produce recycled polymers to meet the growing needs of the automotive industry in North America. The newly formed company will collect feedstocks, recycle, refine, formulate and compound to supply recycled polymers meeting the stringent requirements of the car makers.
The joint-venture combines the strength of each of its parent companies, PCR Recycling bringing its capacities in feedstock access and recycling, MATERI’ACT bringing its expertise in refining, adaptative formulations, compounding, and post processing capabilities.
The deal is expected to help spark demand in North America for use of recycled plastics in automotive and other industries. Applications include a wide range of automotive products such as instrument and door panels, center consoles, and any other automotive products where plastic is commonly used. In addition, customers in various non-automotive industries are expected to benefit from the joint venture’s sustainable materials and recycling solutions.