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Saturday, July 24, 2021

Volvo plans to source fossil-free steel

Car manufacturers are moving towards finding more innovative ways to produce vehicles in a responsible way. Volvo Cars has the most ambitious climate action plan across the industry. It’s not surprising to find the company teaming up with Swedish steel maker SSAB to jointly explore the development of fossil-free, high quality steel. This makes Volvo Cars the first automaker to work with SSAB and its HYBRIT initiative. This partnership is currently the steel industry’s most advanced project in fossil-free steel development. The collaboration gives Volvo Cars exclusivity with SSAB steel and will most likely be used on a concept car. 

SSAM designed HYBRIT with the intention to replace coking coal with a clean variation, fossil-free electricity and hydrogen. Martin Lindqvist, President and CEO at SSAB, said, “We are building an entirely fossil-free value chain all the way to the end customer. Our breakthrough technology has virtually no carbon footprint and will help strengthen our customer’s competitiveness. Together with Volvo Cars, we aim to develop fossil-free steel products for the cars of the future.” The goal is to be the world’s first fossil-free steelmaking technology, with virtually no carbon footprint.

By 2026, SSAM plans to supply the market with fossil-free steel at a commercial scale. This partnership will make Volvo Cars the first manufacture using this technology. Hakan Samuelsson, chief executive at Volvo Cars, said, “As we continuously reduce our total carbon footprint, we know that steel is a major area for further progress. The collaboration with SSAB on fossil-free steel development could give significant emission reduction in our supply chain.” The two Swedish companies are going to raise the bar together. 

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Source: Volvo

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