Mercedes-Benz and H2 Green Steel have taken a significant leap towards sustainable steel supply with a binding agreement for the delivery of around 50,000 metric tons of green steel annually to Mercedes-Benz's European production. In a pioneering move, Mercedes-Benz has also signed a memorandum of understanding with H2 Green Steel to explore the potential supply of green steel produced in North America.Being an early investor in H2 Green Steel, Mercedes-Benz has demonstrated its commitment to the transition in the steel industry and confirmed customer demand for sustainable steel through an offtake agreement. The initial agreement has now evolved into a binding agreement, covering substantial volumes that will be manufactured at H2 Green Steel's green hydrogen-powered iron and steel plant in Boden, located in northern Sweden. By utilizing high-quality steel produced sustainably, Mercedes-Benz takes another stride towards reducing the environmental impact of its car manufacturing process.Henrik Henriksson, CEO of H2 Green Steel, acknowledges the pivotal role played by pioneering automotive companies like Mercedes-Benz in signaling the need for a faster transition in the steel industry to meet climate targets. Henriksson emphasizes the partnership's potential to elevate supply chain emissions, circularity, and social sustainability. He considers Mercedes-Benz a robust collaborator for H2 Green Steel's European operations and their shared aspirations in the North American steel value chain.In addition to sustainable steel production, Mercedes-Benz is strongly committed to circularity. The partnership with H2 Green Steel aims to establish a closed-loop recycling system for scrap steel at the Boden plant. Furthermore, the collaboration enables H2 Green Steel to leverage Mercedes-Benz's extensive knowledge and expertise in ensuring human rights in the supply chain.
Mercedes-Benz and H2 Green Steel have taken a significant leap towards sustainable steel supply with a binding agreement for the delivery of around 50,000 metric tons of green steel annually to Mercedes-Benz's European production. In a pioneering move, Mercedes-Benz has also signed a memorandum of understanding with H2 Green Steel to explore the potential supply of green steel produced in North America.Being an early investor in H2 Green Steel, Mercedes-Benz has demonstrated its commitment to the transition in the steel industry and confirmed customer demand for sustainable steel through an offtake agreement. The initial agreement has now evolved into a binding agreement, covering substantial volumes that will be manufactured at H2 Green Steel's green hydrogen-powered iron and steel plant in Boden, located in northern Sweden. By utilizing high-quality steel produced sustainably, Mercedes-Benz takes another stride towards reducing the environmental impact of its car manufacturing process.Henrik Henriksson, CEO of H2 Green Steel, acknowledges the pivotal role played by pioneering automotive companies like Mercedes-Benz in signaling the need for a faster transition in the steel industry to meet climate targets. Henriksson emphasizes the partnership's potential to elevate supply chain emissions, circularity, and social sustainability. He considers Mercedes-Benz a robust collaborator for H2 Green Steel's European operations and their shared aspirations in the North American steel value chain.In addition to sustainable steel production, Mercedes-Benz is strongly committed to circularity. The partnership with H2 Green Steel aims to establish a closed-loop recycling system for scrap steel at the Boden plant. Furthermore, the collaboration enables H2 Green Steel to leverage Mercedes-Benz's extensive knowledge and expertise in ensuring human rights in the supply chain.
