Volvo, SSAB plan first fossil-free steel trucks on road to carbon neutrality
(C) Reuters. FILE PHOTO: IAA truck show in Hanover
STOCKHOLM (Reuters) – Swedish truck maker AB Volvo and steel maker SSAB have signed an agreement to produce the world’s firstvehicles made of fossil-free steel, the companies said on Thursday. Volvo plans to start production this year of prototype vehicles and components from steel made by SSAB using hydrogen produced from renewable energy.
Small-scale serial production will start in 2022. “This is an important step on the road to completely climate-neutral transport,” Volvo CEO Martin Lundstedt said. The vehicles and machines will be emissions-free in operation, Volvo said, without specifying how they would run, while adding the company is reviewing all the materials used in their construction to eliminate anything based on fossil fuels.
It will be sourcing steel from green steel venture HYBRIT – which is owned by SSAB, Swedish state-owned utility Vattenfall and Swedish miner LKAB. Last August, it began test operations in Lulea, Sweden, to replace coking coal, traditionally needed for ore-based steel making, with fossil-free electricity and hydrogen, which in turn is produced using only renewable power. [L8N2FX3LV] China’s Geely Holding, which has a stake in AB Volvo, owns Volvo Cars, which it has said will be fully electric by 2030. [L2N2KZ10C]
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website.
Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
- Outwell Cloud Pole Tent
RRP PRICE: £149.99SALE PRICE: £100.52YOU SAVE: £49.47 About this item Storage area with a detachable bathtub groundsheet for protection and […]
- BEX Unisex’s Pro 4 Mallet in Wooden Box Croquet Set-Brown, Medium
RRP PRICE: £129.99SALE PRICE: £109.99YOU SAVE: £20.00 Bex Croquet Pro 4 Mallet In Wooden Box Adult Croquet Set 4 wooden mallets, 4 x 8.5cm plastic […]
- HOMCOM Movable Computer Office Desk with Sliding Keyboard on wheels Cherry Wood
RRP PRICE: £65.99SALE PRICE: £55.99YOU SAVE: £10.00 About this item This fits your . by entering your model number. ✅Made of particle board […]
- WIMAXIT 14 Inch Touch Portable Monitor,1920×1080 Full HD IPS Extend Computer...
SALE PRICE: £178.49YOU SAVE: £31.50 About this item This fits your . by entering your model number. 【10-point Capacitive Touchscreen […]