Volvo invests in fossil-free steel
Volvo is exploring the development of a fossil-free, high quality steel which is hopes to use in car construction.
It is teaming up with Swedish steel maker SSAB on its HYBRIT initiative, which aims to replace coking coal, traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen.
The result is expected to be the world’s first fossil-free steelmaking technology, with virtually no carbon footprint.
As part of the collaboration, Volvo will secure SSAB steel made from hydrogen-reduced iron and use it for testing purposes and possibly in a concept car.
Håkan 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 reductions in our supply chain.”