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Volvo Group in collaboration with SSAB for near zero emission steel

Volvo Group will be the world’s first to use near zero emission steel in its production process following a milestone collaboration agreement with steelmaker SSAB.
The agreement, for the provision of scrap-based near zero emission steel, made by using recycled steel and fossil-free energy, marks a further step in Volvo Group’s ambition to reach net-zero greenhouse gas emissions by 2040, 10 years earlier than the Paris Agreement ambition.
Pictured from left: Martin Lundstedt, Tomas Carlsson, John Kerry, Annika Strandhäll, Melker Jernberg and Martin Lindqvist
Pictured from left: Martin Lundstedt, Tomas Carlsson, John Kerry, Annika Strandhäll, Melker Jernberg and Martin Lindqvist

It is vital that we act now to collectively meet our long-term climate goals and ensure a smooth transition towards a net-zero future. Our collaboration with SSAB is one way we can accelerate our progress in this area. The gradual introduction of this near zero emission steel into different parts of our product portfolio – together with the ongoing transformation of our products towards emission-free drivelines – is another important step towards net-zero carbon emission transports.
With steel as a major component in all Volvo Group products, the company is continuously developing ways to further reduce its environmental impact. The recent world-first introduction of SSAB fossil-free steel in its concept and production of commercial vehicles was a clear example of this. With the initial SSAB agreement announced in 2021, the first Volvo construction machine and the first Volvo trucks made using fossil-free steel were delivered to customers during 2022.
Now, with the addition of scrap-based near zero emission steel, Volvo Group is adding another quality steel blend into its portfolio, further strengthening its resolve towards net-zero transport solutions.
Defined by the First Movers Coalition and the International Energy Agency as ‘scrap-based’, near zero emission steel is made from fully recycled steel. It is produced using renewable electricity and biofuels, thereby supporting a circular economy approach – an integral part of creating a more sustainable transport ecosystem. Fossil-free steel, on the other hand, is based on a direct reduction of iron ore in the production process by using green hydrogen.
The properties and performance of both types of steel are the same, as are the benefits they bring from a CO2 emission perspective when compared to traditional steel.
The new agreement with SSAB will run in parallel with Volvo Group’s usage of fossil-free steel.
Further details on the partnership will be announced in the coming weeks.
  • Evangeline Wanjiru

    60 w

    Great trendsetting Volvo.

    1
    • Evangeline Wanjiru

      60 w

      Wonderful progress

      • Johannes Luiga

        61 w

        Great step ahead

        • Tabitha Kimani

          62 w

          Well done Volvo. You are showing the world that there is no turning back. Really visionary.

          8
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