Volvo Group launches world’s first vehicle using fossil-free steel

In a move underlining its commitment to reducing emissions in its supply chain, Volvo Group has launched what it says is the world’s first vehicle using fossil-free steel. The machine, a load carrier for use in mining and quarrying, was unveiled at a green steel collaboration event held in Sweden.

The steel was supplied by SSAB, a global leader in value-added high strength steel production, and Volvo Group said more vehicles will follow in 2022 in what will be a small-scale series of concept vehicles and components, with mass production set to follow.

A move toward green steel is an important step for Volvo Group, as well as for the transport and infrastructure industries as a whole, given that around 70% of a truck’s weight comes from steel and cast iron, with the figure for Volvo machines even higher. Martin Lundstedt, President and CEO Volvo Group, said: “This initiative with SSAB sets the benchmark for a fossil-free future. Just as the nations of the world come together at COP26 to address climate change, so too must organizations and industries work in collaboration to develop innovative new solutions for a greenhouse gas emission free future. Volvo Group is committed to pioneering partnerships such as this with SSAB to develop attractive, safe and efficient new vehicles and machines that pave the way for a more sustainable transport and infrastructure system adopted for the future.”

Volvo Group says it is on the path towards developing sustainable transport and infrastructure solutions of the future, and has pledged to be climate-neutral and achieve net zero value chain greenhouse gas emissions by 2040,. Along with the electrification of its vehicles and machines, Volvo is determined to reduce the carbon footprint of its entire supply chain and this latest innovation is one step forward on this path. Martin Lindqvist, President and CEO at SSAB, commented: “Having the world´s first actual vehicle made using SSAB´s fossil-free steel is a true milestone. Our collaboration with Volvo Group shows that green transition is possible and brings results. Together, we will continue reducing climate impact all the way to the end customer while ensuring that our customers get high-quality steel. We look forward to continuing to work with Volvo Group in research and development to produce more fossil-free steel products.”