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BMW Increasing Use of Low-Carbon Steel for Car Production

The BMW Group continues to reduce CO2 emissions in its supplier network as part of its ambitious ongoing sustainability activities.

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Iberdrola and H2GS to develop €2 3bn green hydrogen-to-steel project

Iberdrola and H2GS to develop €2 3bn green hydrogen-to-steel project
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Harnessing wind and hydroelectric power from the Arctic Circle: BMW Group plans to source steel produced with green power and hydrogen from northern Sweden

+++ Agreement with Swedish startup H2 Green Steel: first deliveries for Neue Klasse from 2025 +++ Up to 95% reduction in CO2 emissions compared to conventional methods +++ Delivery to BMW Group plants in Europe +++ Circular economy: Sheet metal remnants from BMW Group plants will be recycled and reused +++ Wendt: “Vital contribution to our goal of reducing CO2 emissions in our steel supply chain by about two million tonnes by 2030” +++

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Kingspan invests in green steel firm which will be new supplier

Insulation maker Kingspan has announced an investment in a âgreen steelâ firm, as well as the intention to use it as a long-term supplier of its steel, which would cut the companyâs carbon emissions substantially. Kingspan is investing in H2 Green Steel (H2GS), a company pioneering new green production methods for steel manufacturing using hydrogen, in a Series A equity fundraising round due to close later this month. Earlier announced investors in the same fundraising round include Scania, the IMAS Foundation, and Vargas. Kingspan said on Friday it expects to ultimately be a single-digit minority shareholder alongside a similarly minded group of investors who wish to catalyse a transition to low-carbon steel.

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