"This collaboration marks a significant step forward in our shared commitment to reducing carbon emissions. With forward-thinking partners like Volvo Cars, we continue to lead the transformation of the steel industry - delivering decarbonized steel without compromising the exceptional quality required for Volvo Cars' high standards," says Tony Harris, Head of SSAB Europe.

SSAB Zero™ is the world's first commercially available steel of its kind produced from recycled scrap metal using fossil-free electricity and biogas. This process results in steel with virtually zero fossil carbon emissions, available in a variety of grades and dimensions.

"One of the biggest sources of CO2 emissions in our production process is the steel we use to build our cars, averaging 25% of all material-related emissions for a new Volvo car. We are working towards achieving net-zero greenhouse gas emissions by 2040, and cutting steel-related emissions really has the potential to move the needle," says Francesca Gamboni, Chief Manufacturing & Supply Chain Officer, Volvo Cars.

The SSAB Zero™ steel will be used in key components of Volvo Cars' upcoming fully electric EX60 SUV as well as other cars based on Volvo Cars' next-generation SPA3 car architecture. It meets the same stringent safety standards and performance requirements as the primary steel used in Volvo Cars.

SSAB is committed to eliminating fossil carbon dioxide emissions from its own operations and launched SSAB Zero™ in 2023.

Volvo Cars is committed to a fully electric future and has the ambition to achieve net-zero greenhouse gas emissions by 2040. By 2030, the aim is to have reduced CO₂ emissions per car by 65-75% compared to a 2018 baseline, by continuously reducing CO₂ emissions across the value chain.  

For further information, please contact:
Tobias Wagner, SSAB Press officer, tel. +46 767 660 604, tobias.wagner @ ssab.com