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Climate Adaptation

Volvo Cars to Explore Use of Fossil-Fuel Free Steel

Volvo CEO Stefan Jacoby Holds News Conference
Photographer: Casper Hedberg/Bloomberg

Swedish steelmaker SSAB AB is teaming up with Volvo Cars to develop fossil-free steel for use in the automotive industry.

Volvo Cars will be the first carmaker to secure the greener steel, SSAB said in a statement on Wednesday. Volvo Cars will use the material for testing and possibly in a concept car, it said.