STOCKHOLM, Oct 13 (Reuters) - Truck maker AB Volvo (VOLVb.ST) said on Wednesday it had produced a prototype of what it said would be the world's first vehicles made of fossil-free steel.
Volvo and steel-maker SSAB (SSABa.ST) announced in April an agreement to produce the vehicles and start the production of prototypes this year. read more
Volvo, which aims to be climate-neutral by 2040, said the first concept machine was a load carrier for use in mining and quarrying.
"This initiative with SSAB sets the benchmark for a fossil-free future," Volvo CEO Martin Lundstedt said in a statement.
Volvo added that smaller-scale series production was planned by 2022, with mass production to follow.
SSAB, state-owned utility Vattenfall (VATN.UL) and miner LKAB said in August that fossil-free steel had been delivered to Volvo as a trial run before their green steel venture HYBRIT starts full commercial production in 2026. read more
Volvo Cars, owned by China's Geely Holding (GEELY.UL) which also has a stake in AB Volvo, aims to be fully electric by 2030 and is also working with SSAB to explore the use of fossil-free steel in the automotive industry. read more
A 'green' shift in the transport sector, which generates roughly a quarter of global carbon dioxide emissions, is widely seen as important to help align with global climate goals.
(This story corrected headline to Volvo Group from Volvo Trucks)
Reporting by Helena Soderpalm; Editing by Simon Johnson and Johan Ahlander
Our Standards: The Thomson Reuters Trust Principles.
Volvo Group says launches world's first fossil-free steel vehicle - Reuters
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