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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.

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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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Based on preliminary economic activity and energy data, Rhodium Group estimates that greenhouse gas (GHG) emissions in the US slightly increased in 2022, rising 1.3% This reversal in 2022 was largely due to the substitution of coal with natural gas—a less carbon-intensive fuel—and a rise in renewable energy generation.

Emissions 273
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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

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The BMW Group is systematically pursuing its goal of significantly reducing CO 2 emissions at their source in the supply chain. From 2025 on, the company plans to source steel produced with up to 95% less CO 2 emissions and without requiring fossil resources such as coal. Mercedes-Benz took a stake in H2GS in May 2021.

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BMW Group to procure low-carbon steel from Salzgitter AG for European plants; second low-carbon steel deal

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The BMW Group is expanding sourcing of low-carbon steel to two suppliers, meeting up to 40% of steel demand at European plants by 2030. In October 2001, the group announced an agreement with Swedish startup H2 Green Steel. earlier post ) The BMW Group has now signed an agreement with Salzgitter AG for delivery of low-carbon steel.

Carbon 293
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Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

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The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. Shandong Energy Group is the third-largest coal mining group in China in terms of production volume.

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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. The “Iron Ore Challenge”: Commercial iron ores with iron content of 62% or higher are projected to be in short supply by the early 2030s.

Coal 360
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Volvo Cars first carmaker to explore fossil-free steel with SSAB and HYBRIT

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In April 2021, the Volvo Group—the heavy-duty vehicle, construction equipment and power solutions provider, distinct from Volvo Cars— and SSAB signed a collaboration agreement on research, development, serial production and commercialization of vehicles to be made of fossil-free steel ( earlier post.)).

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