9,626.56 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.17 USD USD USD
36.61 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.41 TRY Interest Interest
73.03 USD Fossil Oil Fossil Oil
29.72 USD Silver Silver
4.09 USD Copper Copper
100.31 USD Iron Ore Iron Ore
355.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,620.19 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

Emirates Steel has announced a price increase for its rebar products

Tuesday, December 24, 2024

An agreement has been signed on the full restoration of the Donetsk Metallurgical Plant

Tuesday, December 24, 2024

Egypt invites Canadian investments to boost industrial growth

Tuesday, December 24, 2024

India’s steel imports hit record high

Tuesday, December 24, 2024

South Korea's crude steel production declines in November

Monday, December 23, 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