Volvo bets on fossil fuel-free steel for the future of car making

June 28, 2021 EcoVadis EN


Volvo has joined forces with Swedish steel manufacturer SSAB to explore the development of fossil fuel-free steel for its cars.

This makes Volvo the first automaker to embark on the search of a green alternative for steel production, which is otherwise responsible for about 7% of global direct carbon emissions.

Specifically, steelmaking has a big carbon footprint, generating last year over 3 billion tons of CO2. That’s because the furnaces that melt iron ore to make steel consume vast amounts of coal, which is a major energy source, but a fossil fuel nonetheless. 


Read the full article at: thenextweb.com

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
EU lawmakers move to ban throw-away plastics
EU lawmakers move to ban throw-away plastics

Under the proposal, EU states would also be obliged to recycle 90 percent of plastic bottles by 2025, with ...

Next Article
Apparel and Footwear Firms Sign AAFA-FLA Pact Against Forced Labor 
Apparel and Footwear Firms Sign AAFA-FLA Pact Against Forced Labor 

The American Apparel & Footwear Association (AAFA) and the Fair Labor Association (FLA) are seeking to rais...

×

Don’t Miss a Thing
Get sustainable procurement news from around the world straight to your inbox

Subscribe →

First Name
Last Name
Opt in to receive more information from EcoVadis
Thank you!
Error - something went wrong!