BMW aims to cut lifecycle emissions of its vehicles
BMW signs green steel deal
Agreement includes recycling and circular economy measures that will help automaker reduce its carbon footprint
Automaker BMW Group has signed a contract to receive green steel from Swedish firm H2 Green Steel (H2GS). The agreement includes recycling and end-of-life management measures, with a deal to have 40pc of pre-consumer steel scrap volumes returned to H2GS’ electric arc furnaces for recycling. The two firms have also signed a technical cooperation agreement which will include several measures aimed at reducing CO₂ emissions in BMW’s steel supply chain by 2mn t by 2030. BMW has a wider target to cut the lifecycle CO₂ emissions of its vehicles by more than 40pc by 2030. H2GS is also developing a 5mn t/yr green steel facility in Sweden, with startup planned for 2024. “Working with progressiv
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