Volvo as well as the Swedish steel producer SSAB have signed a new partnership to establish fossil fuel-free, high high quality steel for utilize in Volvo’s future cars and truck bodies.
The two business hope the new innovation will lower CO2 emissions by eliminating the industry’s reliance on the fossil fuels typically utilized in steel production.

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Today, the steel market accounts for around seven percent of worldwide carbon emissions, as the primary technique of production includes firing iron ore in coking coal-powered blast furnaces. SSAB’s new technique will replace the blast furnace as well as coking coal with renewable electrical power as well as an electric arc furnace. An added benefit of the system is that it can much more effectively utilize recycled steel scrap as a raw material, which even more reduces CO2 emissions.
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By 2026, SSAB aims to put its new fossil fuel-free steel on the market at a industrial scale – as well as Volvo will be the company’s very first client to utilize the new steel in its production cars.
“As we constantly decrease our overall carbon footprint, we understand that steel is a major area for even more progress,” states Volvo’s CEO, Håkan Samuelsson. “The partnership with SSAB on fossil-free steel advancement might provide considerable discharge reductions in our supply chain.”
Volvo states that around 35 percent of its own CO2 emissions are associated to steel as well as iron production in its combustion-engined vehicles. This figure falls to 20 percent in its EVs.
However, Volvo wants more, as it doesn’t believe its present efforts autumn according to its aspiration of ending up being a pure-electric cars and truck producer by 2030. As part of the shift, Volvo aims to cut carbon emissions not only from the tailpipes of its vehicles, however likewise from every element of its business; from manufacturing, to sales as well as aftercare.
The business has already taken steps towards this carbon neutral future. So, Volvo’s new EVs will only be offered to purchase online, eliminating the requirement for resource-hungry showrooms. 
Volvo’s cars and truck producing plant in Torslanda, Sweden has likewise ended up being the firm’s second facility to reach carbon neutral status, thanks to much more effective producing methods as well as the utilize of renewable heating sources, such as biogas. It complies with on from the company’s Skövde engine plant, which likewise accomplished carbon neutral condition in 2018.

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