SynopsisH2 Green Steel and Volvo Group are collaborating to supply low-emission steel for use in commercial vehicles like trucks and buses. This partnership aligns with Volvo Group's commitment to reducing emissions throughout its supply chain. Steel, a significant component in vehicle manufacturing, plays a crucial role in achieving sustainability goals. The agreement entails the supply of green steel from H2 Green Steel's upcoming plant in Northern Sweden, with production starting in 2025 and deliveries commencing in 2026.ArticleIn an effort to address environmental concerns and reduce emissions in the commercial vehicle industry, H2 Green Steel has joined forces with Volvo Group to provide low-emission steel for their products. As commercial vehicles increasingly transition to electrified solutions, the focus on minimizing emissions extends beyond vehicle use to encompass the entire supply network and production process.Steel stands as a primary input material in the production of trucks, buses, and construction machinery, making it a pivotal element in Volvo Group's journey toward decarbonization. To achieve their sustainability objectives, collaborations like this one are instrumental.Andrea Fuder, Chief Purchasing Officer of Volvo Group, emphasizes the significance of such partnerships in emission reduction efforts, stating, "Collaborations which support our work to reduce emissions are crucial on the path towards net zero." Given that steel significantly contributes to their product's environmental footprint, finding innovative ways to source green steel is vital.The long-term supply agreement between Volvo Group and H2 Green Steel pertains to green steel sourced from H2 Green Steel's upcoming plant in Boden, Northern Sweden. Production is scheduled to commence by the end of 2025, with deliveries to Volvo Group starting in mid-2026.Henrik Henriksson, CEO of H2 Green Steel, underscores the importance of this collaboration within the commercial vehicle industry, stating, "The commercial vehicle industry has actively been driving the demand for green steel, validating the market interest." He further notes that Volvo Group's decision to place a customer order reflects confidence in both H2 Green Steel and their product.ConclusionThe partnership between H2 Green Steel and Volvo Group represents a significant step in the commercial vehicle industry's pursuit of sustainable and low-emission solutions. As the demand for green steel continues to grow, this collaboration demonstrates the industry's commitment to reducing its environmental impact and advancing the use of eco-friendly materials. With production slated to begin in 2025, this initiative aligns with Volvo Group's broader mission of achieving net-zero emissions and fostering a more sustainable future.
SynopsisH2 Green Steel and Volvo Group are collaborating to supply low-emission steel for use in commercial vehicles like trucks and buses. This partnership aligns with Volvo Group's commitment to reducing emissions throughout its supply chain. Steel, a significant component in vehicle manufacturing, plays a crucial role in achieving sustainability goals. The agreement entails the supply of green steel from H2 Green Steel's upcoming plant in Northern Sweden, with production starting in 2025 and deliveries commencing in 2026.ArticleIn an effort to address environmental concerns and reduce emissions in the commercial vehicle industry, H2 Green Steel has joined forces with Volvo Group to provide low-emission steel for their products. As commercial vehicles increasingly transition to electrified solutions, the focus on minimizing emissions extends beyond vehicle use to encompass the entire supply network and production process.Steel stands as a primary input material in the production of trucks, buses, and construction machinery, making it a pivotal element in Volvo Group's journey toward decarbonization. To achieve their sustainability objectives, collaborations like this one are instrumental.Andrea Fuder, Chief Purchasing Officer of Volvo Group, emphasizes the significance of such partnerships in emission reduction efforts, stating, "Collaborations which support our work to reduce emissions are crucial on the path towards net zero." Given that steel significantly contributes to their product's environmental footprint, finding innovative ways to source green steel is vital.The long-term supply agreement between Volvo Group and H2 Green Steel pertains to green steel sourced from H2 Green Steel's upcoming plant in Boden, Northern Sweden. Production is scheduled to commence by the end of 2025, with deliveries to Volvo Group starting in mid-2026.Henrik Henriksson, CEO of H2 Green Steel, underscores the importance of this collaboration within the commercial vehicle industry, stating, "The commercial vehicle industry has actively been driving the demand for green steel, validating the market interest." He further notes that Volvo Group's decision to place a customer order reflects confidence in both H2 Green Steel and their product.ConclusionThe partnership between H2 Green Steel and Volvo Group represents a significant step in the commercial vehicle industry's pursuit of sustainable and low-emission solutions. As the demand for green steel continues to grow, this collaboration demonstrates the industry's commitment to reducing its environmental impact and advancing the use of eco-friendly materials. With production slated to begin in 2025, this initiative aligns with Volvo Group's broader mission of achieving net-zero emissions and fostering a more sustainable future.
