Renault has outlined its plan to convert the Flins car factory into a recycling and research center that will target a negative CO2 balance by 2030.

The Flins plant is currently producing the electric Renault Zoe and will continue to do so until 2024, when the facility’s transformation will be completed.

Renault calls it the “RE-FACTORY”, describing it as the first European circular economy site dedicated to mobility. The French carmaker aims to employ more than 3,000 people there by 2030, with the facility revamp to gradually take place between 2021 and 2024.

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“RE-FACTORY will enable the Group to respond to the challenges facing mobility and automotive industry players today – and even more so tomorrow. This plant, with an objective of a negative CO2 balance by 2030, is fully in line with the Group’s global strategy by combining circular economy, reduction of emissions, development of skills and the creation of new value-generating activities,” said Renault’s CEO Luca de Meo.

Renault’s Re-Factory will involve a large network of different partners and will be structured around four activity centers: RE-TROFIT, which will be responsible for reconditioning used vehicles and the conversion of ICE-powered vehicles to other less carbon-based energies, RE-ENERGY, which will develop the potential arising from electric batteries, RE-CYCLE, which will integrate the company’s growing share of recycled or reused materials, and RE-START, which will develop industrial know-how and accelerate research and innovation in the circular economy.