Volvo launches concept vehicle made from fossil-free steel
- October 13, 2021
Volvo Group has announced what it says is the world’s first vehicle made from ‘green’ steel manufactured without the use of fossil fuels.
The machine, a load carrier for use in mining and quarrying, was unveiled at a green steel collaboration event on October 13 in Gothenburg, Sweden hosted by Martin Lundstedt, president and CEO of Volvo Group. During the premiere, which was broadcast online, attendees got to see what’s billed as the world's first machine made of fossil-free steel.
Volvo says that around 70 per cent of a truck's weight comes from steel and cast iron, and the figure for Volvo machines is even higher. The company has made a commitment to be climate-neutral and achieve net zero value chain greenhouse gas emissions by 2040.
The concept machine was produced at Volvo CE's facility in Braås, Sweden. The company says this is just the start, with smaller-scale series production planned by 2022 and mass production set to follow.