Volvo Cars has signed a new agreement with the Swedish SSAB steel to supply high quality steel, recycled and almost zero emissions, starting in 2025. Volvo Cars is the first car manufacturer to sign a supply agreement with SSAB for recyclables.
The agreement is an extension of existing long -term cooperation between the two companies, with the aim of pioneering the transition to more viable steel.
In addition to buying recycled steel with almost zero emissions, Volvo Cars makes progress in its circular ambitions by selling steel waste. This helps the company keep the materials at their highest value for the longer period of time, in a closed loop system.
“One of the largest sources of Coâ‚‚ emissions in our productive process is the steel we use to build our cars. It represents an average of about 25% of all materials associated with materials in a new Volvo car ‘, says Francesca Gamboni (Francesca Gamboni), Head of Supply and Production Chain at Volvo Cars. “We are working to achieve clean zero greenhouse gas emissions by 2040, and the reduction of steel -related emissions can make the difference.”
The recycled steel will be used in selected components of the forthcoming purely electric SUV ex60, as well as other cars based on the Volvo Cars next -generation architecture. It is vital that this recycled steel meets the same safety requirements as primary steel in terms of power and durability.
SSAB’s closed loop system recycles steel residues, significantly reducing COâ‚‚ emissions and maintaining materials and natural resources in use for a longer period. Compared to traditional steel in Europe, SSAB’s recycled steel produces almost 100% less coâ‚‚ emissions in internal work and consists of recycled content by almost 100%.
“Steel is a crucial material for the safety, power and strength of our products and traditionally contributes significantly to carbon emissions,” says Francesca Gamboni. “With the signing of this agreement, we are taking a significant step in reducing the impact on the environment and increasing the awareness of the use of recycled materials within our suppliers network.”
Volvo Cars is committed to a purely electric future and aspires to achieve clean zero greenhouse gas emissions by 2040. By 2030, the company aims to have reduced CO₂ emissions per car by 65% ​​to 75% compared to the 2018 reference year.
The agreement with SSAB is an example of the above. In addition, it enhances Volvo Cars’ ambitions for circularity, with the aim of using recycled content by 30% on average, throughout the range by 2030. The new models that will be presented after 2030 will contain recycled or biological basis materials by at least 35%.
Source: Skai
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