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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo 514
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ArcelorMittal, Gestamp successfully trial low-carbon emissions steel in car parts

Green Car Congress

ArcelorMittal and Tier 1 automotive supplier Gestamp have successfully trialed the use of low-carbon emissions steel for use in car parts that will ultimately be used in the production of vehicles in Spain and throughout Europe. A car’s tunnel. Picture credits: © ArcelorMittal. —Francisco J.

Carbon 459
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Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

Green 453
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AECC presents zero-impact emissions demonstrator car at Vienna Motor Symposium

Green Car Congress

The European Association for Emissions Control by Catalyst (AECC) presented its zero-impact emissions demonstrator car at the Vienna Motor Symposium, 27-29 April. At the same time, Well-to-Wheel (WtW) CO 2 emissions are substantially reduced by running the vehicle on an e-fuel. Resources.

Emissions 435
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Norwegian startup Blastr plans €4B green steel plant in Finland

Green Car Congress

Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. tonnes of CO₂.

Finland 437
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UK researchers report that alcohols in windshield washer fluid are major unreported source of VOCs emissions from cars, including EVs

Green Car Congress

In a recent open-access paper published in ACS’ Environmental Science & Technology , researchers from the University of York report that alcohols in windshield washer fluid account for a larger fraction of real-world vehicle emissions than previous estimates have suggested. the products used for “car care,” such as windshield washer fluid.

Emissions 397
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Volvo Cars switches to biodiesel for ocean freight; cutting fossil CO2 emissions by 84%

Green Car Congress

Every year tens of thousands of containers of production material destined for Volvo Cars factories are carried across the world’s oceans on container ships. Due to the renewable fuel, CO 2 emissions are reduced by at least 84% (Well-to-Wake, WTW) compared to fossil fuel. We don’t view this initiative as a competitive advantage.

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