10,319.96 TRY BIST 100 BIST 100
34.99 EUR EUR EUR
32.25 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Ponsse to become the first forest machine manufacturer to use SSAB fossil-free steel

Ponsse will be the first forest machine manufacturer to use SSAB's fossil-free steel.

Ponsse to become the first forest machine manufacturer to use SSAB fossil-free steel

SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machinery, have joined forces in a partnership in which SSAB will gradually supply Ponsse with fossil-free steel from 2026.

This partnership will further consolidate Ponsse's position as a sustainable forest machinery supplier and bring SSAB closer to its goal of creating a fossil-free value chain.

Lotta Ruottinen, Sales Director Europe at SSAB, said: "It is great to have a reliable partner like Ponsse joining our fossil-free journey. Joint efforts are needed to meet the challenging CO2 reduction targets in forest machinery. Both companies prioritise sustainable solutions and SSAB will strive to make a positive impact on forest machines using Fossil-free™ steel, fostering innovation while respecting nature."

Juha Inberg, R&D and Technology Director at Ponsse Plc, said: "Our products and services will play a pivotal role in helping our customers achieve their climate goals during the transition to a low carbon economy. Our PONSSE EV1 forwarder concept with all-electric drive and our partnership with SSAB on fossil-free steels will lead our development towards carbon neutral forestry."

SSAB plans to revolutionise the entire steelmaking process. SSAB aims to bring fossil-free steel to commercial scale in 2026 and to largely eliminate carbon dioxide emissions from our operations around 2030.

As part of the HYBRIT initiative, SSAB is working with iron ore producer LKAB and energy company Vattenfall to develop a value chain for fossil-free iron and steel production, using fossil-free electricity and hydrogen to replace the coking coal traditionally used in iron ore-based steel production. This process virtually eliminates carbon dioxide emissions in steel production.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

How the CEO of Emirates Steel Arkan is Transforming Leadership

Saturday, May 18, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024

US steelmakers set cautious growth expectations for 2024

Friday, May 17, 2024

Rebar prices fall in India

Friday, May 17, 2024

The new Dutch government is cutting climate funding

Friday, May 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now