Two industry giants, SSAB and Cargotec, have joined forces to reduce climate impact in cargo and load handling solutions. They have recently announced the introduction of SSAB Zero™, a fossil carbon emission-free recycled steel, to be used in Cargotec’s products starting this year. This marks a significant milestone in the efforts to reduce carbon footprints in the value chain.
SSAB and Cargotec’s Collaboration to Reduce Carbon Footprints
SSAB and Cargotec have a history of working together to develop sustainable solutions for the cargo and load handling industry. The partnership has resulted in the world’s first load-handling equipment made with fossil-free steel, the MULTILIFT hooklift. The prototype was unveiled by Hiab, a subsidiary of Cargotec, in September 2022. This partnership has enabled both companies to make significant strides in reducing carbon footprints and promoting sustainable practices.
Introducing SSAB Zero™: The Fossil Carbon Emission-Free Steel
SSAB produces two types of zero-emission steel: SSAB Zero™, based on recycled steel, and SSAB Fossil-free™, based on iron-ore without fossil fuels. SSAB Zero™ has zero fossil carbon emissions, less than 0.05 kg CO2e emissions per kg steel in scope 1 and 2, in operations, including purchased energy and transportation. Only recycled steel is used as a raw material, which means SSAB Zero™ supports the circular economy. SSAB practices market-based emission factors for the electricity used and may secure fossil-free electricity through electricity guarantees of origin. Fossil fuels remain in the ground as SSAB has implemented a system to manage and ensure the correct source and use of alternatives connected to the production of SSAB Zero™. Neither SSAB nor Cargotec engage in carbon emission offsetting activities.
Cargotec’s Commitment to Sustainability
As a provider of heavy cargo and loading equipment, Cargotec recognizes the importance of reducing carbon footprints in the industry. Whenever possible, the company gives preference to materials with a smaller carbon footprint than traditional alternatives, and SSAB Zero™ provides a zero-carbon and circular solution. Päivi Koivisto, Vice President Sustainability at Cargotec, says, “This is an important step on the journey towards fossil-free steel, and a great opportunity for Cargotec to grow its low and zero-emission offering.”
SSAB’s Vision for the Future
SSAB has long been committed to reducing its carbon footprint and promoting sustainability in the steel industry. The company aims to be fossil-free by 2045 and has set ambitious goals to achieve this vision. Thomas Hörnfeldt, Head of Sustainable Business at SSAB, says, “Demand for zero-emission steel keeps increasing, and SSAB Zero™ enables us to deliver more steel of this kind to our customers already this year.”
The Implications for the Cargo and Load Handling Industry
The introduction of SSAB Zero™ has significant implications for the cargo and load handling industry. As more companies look to reduce their carbon footprints and adopt sustainable practices, the demand for zero-emission steel is likely to increase. This will put pressure on steel manufacturers to develop innovative solutions that promote sustainability and reduce carbon footprints.
The collaboration between SSAB and Cargotec is a significant milestone in the efforts to reduce carbon footprints in the value chain. The introduction of SSAB Zero™, a fossil carbon emission-free recycled steel, marks a significant step towards achieving a fossil-free future. As more companies adopt sustainable practices and prioritize reducing their carbon footprints, the demand for zero-emission steel is likely to increase. This presents an opportunity for steel manufacturers to innovate and develop new solutions to meet the changing needs of the industry. SSAB and Cargotec’s commitment to sustainability is a shining example of what can be achieved when companies come together to create a more sustainable future.
In conclusion, the introduction of SSAB Zero™ represents a major step forward in the efforts to reduce carbon footprints in the cargo and load handling industry. With the demand for sustainable solutions on the rise, it is clear that the future belongs to companies that prioritize sustainability and take proactive steps to reduce their carbon footprints. SSAB and Cargotec’s partnership provides a blueprint for how companies can work together to create a more sustainable future, and it is a model that is likely to be replicated across industries in the years to come.