Cargotec, SSAB launch zero-emission recycled steel

cargotec may

Cargotec and SSAB have collaborated to introduce a new fossil carbon emission-free recycled steel to the cargo and load handling industry.

Cargotec plans to gradually start using the new ‘SSAB Zero’ steel in its products this year.

Cargotec and SSAB’s partnership has already resulted in the introduction of the world’s first load-handling equipment, a MULTILIFT hooklift, made with fossil-free steel.

A prototype of this hooklift was unveiled by Hiab, part of Cargotec, in September 2022.

Approximately 26 per cent of Cargotec’s total greenhouse gas emissions came from purchased goods in 2022.

Decarbonising Cargotec’s supply chain is an important step in achieving the company’s science-based climate target, which is to reduce value chain emissions by 50 per cent by 2030.

SSAB Zero and, eventually, fossil-free steel will be key factors in this mission.

READ: Cargotec profits more than double in Q1 2022

SSAB Zero has zero fossil carbon emissions (less than 0.05 kilogrammes carbon dioxide emissions (CO2e) per kilogramme steel in scope 1 and 2) in operations, including purchased energy and transportation.

SSAB practises 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.

Only recycled steel is used as a raw material, which means SSAB Zero supports the circular economy.

“Whenever possible, we give preference to materials with a smaller carbon footprint than traditional alternatives, and SSAB Zero™ provides a zero-emission and circular solution,” said Päivi Koivisto, Vice President Sustainability at Cargotec.

Thomas Hörnfeldt, Head of Sustainable Business at SSAB, said: “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.”

READ: Cargotec to exit heavy cranes industry following merger fall-through

This partnership comes less than two weeks after it was announced that Cargotec Corporation considered separating its core businesses, Kalmar, and Hiab, into two standalone companies.

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