Press release
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september 14, 2023 - Volvo
Volvo Group secures increased volumes of near zero emissions steel through collaboration with H2 Green Steel
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Volvo Group’s collaboration with H2 #green Steel for near zero emission steel is another step forward on the continued journey towards a net zero GHG emission value chain by 2040. Under the long-term agreement #volvogroup will purchase near zero emission steel from H2 #green Steel’s new plant in Boden in Northern Sweden. Start of production is planned for end of 2025 with deliveries to #volvogroup starting mid-2026.
As commercial vehicles increasingly run on electrified solutions - reducing the emissions when the product is in use - the environmental footprint from the supply network and production becomes increasingly important.
“Collaborations which support our work to reduce emissions are crucial on the path towards net zero. Steel is a big contributor to the footprint of our products, and working together with both established and new players for developing decarbonized materials is key to advancing our progress in sustainable transport and infrastructure solutions,” says Andrea Fuder, Chief Purchasing Officer of #volvogroup.
Steel is one of the main materials in the manufacturing of trucks, buses and construction machines. Near zero emission steel focuses on reducing emission to a point where the impact on the environment is significantly minimized, if not entirely eliminated. A commitment set by the First Movers Coalition, of which #volvogroup is a founding member, is to have at least 10% of all steel purchased per year to be near zero emissions (as per FMC definition) by 2030. Supply agreements such as this are important contributions towards accelerating the transition towards net zero.
"The commercial vehicle industry has actively been driving the demand for #green steel, validating the market interest. When an undeniable large player like #volvogroup, working at the forefront of sustainable change, places a customer order it’s a clear sign of confidence in both our company and our product,” says Henrik Henriksson, H2 Green Steel’s CEO.
September 14, 2023
ae8127fdd9410086 org
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