By Dominic Chopping
STOCKHOLM--Swedish truck maker Volvo AB said Wednesday it has launched its first vehicle made of "fossil-free" steel from SSAB AB.
The machine launched Wednesday is a load carrier for use in mining and quarrying, and Volvo said that more vehicles will follow in 2022 in what will be a series of concept vehicles and components using SSAB's fossil-free steel.
"A move toward green steel is an important step for Volvo Group, as well as for the transport and infrastructure industries as a whole, particularly considering that around 70% of a truck's weight comes from steel and cast iron, with the figure for Volvo machines even higher," Volvo said.
"This first concept machine, produced at Volvo Construction Equipment's facility in Braas, is just the start, with smaller-scale series production planned by 2022, and mass production set to follow."
Volvo has committed to be climate-neutral and achieve net zero value chain greenhouse gas emissions by 2040.
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(END) Dow Jones Newswires