Steel giant SSAB has entered into an agreement with Volvo Cars, owned by China’s Geely Holding, to jointly develop fossil-free steel for the automotive industry, as per latest reports. Volvo will be the first automaker to source green steel from SSAB’s HYBRIT venture partnered with Vattenfall and mining major LKAB. The steel will be used for testing purposes and may be used in a concept car, SSAB has informed. The HYBRIT project began test operations last year to replace coking coal for steelmaking. It aims for a demonstration plant to be ready by 2026.
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