Volvo Group secures increased volumes of near zero emissions steel through collaboration with H2 Green Steel
- Volvo Group will purchase near zero emission steel from H2 Green Steel's new plant in Boden, Northern Sweden
- Start of production is planned for end of 2025 with deliveries to Volvo Group starting mid-2026
- Commitment to have at least 10% of all steel purchased per year to be near zero emissions by 2030
- None.
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 Volvo Group.
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 Volvo Group is a founding member, is to have at least
"The commercial vehicle industry has actively been driving the demand for green steel, validating the market interest. When an undeniable large player like Volvo Group, 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
Journalists wanting further information, please contact:
Claes Eliasson, Volvo Group Media Relations, +46 76 553 72 29
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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in
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SOURCE AB Volvo