The Swedish multinational manufacturing company Volvo Cars and SSAB jointly test fossil free steel for the use in automotive industry.
The chief executive at Volvo Cars, Håkan Samuelsson, 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 reductions in our supply chain.”
The President and CEO at SSAB, Martin Lindqvist, 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 main motive of Volvo Cars’ is to be a fully electric car brand by 2030, with only pure electric cars in its line-up.
About SSAB
It is a Swedish company, formed in 1978 and specialises in processing raw material to steel. The largest shareholders are Aktiebolag Industrivärden and the Government of Finland.
It is also leading producer in the global market of Advanced High-Strength Steels (AHSS) and Quenched & Tempered Steels (Q&T), strip, plate and tube products, as well as construction solutions.
SSAB’s steels and services help to make end products lighter and increase their strength and lifespan, it has a cost-efficient and flexible production system.
Volvo Cars’ ambition is to be a climate neutral company.
