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After the announcement of their circular economy consortium with Groupe Renault to preserve resources across the electric vehicle battery value chain, Solvay and Veolia now move to the next concrete step of their project. As part of their partnership to enable the circular economy of EV battery metals in Europe through closed-loop recycling, Veolia and Solvay have entered a Joint Operation Agreement to begin their collaboration in a demonstration phase.

For more than a century, BASF SE has stuck by its strategy of running sprawling, integrated chemical plants, even as rivals including DuPont Co. break up. This degree of industrial might risks being a hindrance when it comes to environmental credentials. The world’s largest chemical maker obtained a high overall environmental ranking among diversified peers in Bloomberg’s ESG scores. Yet some lower-performing rivals are selling their most carbon-intensive assets, an option BASF doesn’t have under its current strategy.