Schaeffler starts making its supply chain carbon-neutral

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Schaeffler signs off-take agreement with H2greensteel for supply of green steel / From 2025, Schaeffler to source 100,000 tons of the steel, which is produced virtually CO2-free, on an annual basis / The ordered green steel reduces Schaeffler’s CO2 emissions c. p. by up to 200,000 tons per year / The agreement is a first major step to make Schaeffler’s supply chain carbon-neutral by 2040

The automotive and industrial supplier Schaeffler has entered into an agreement with Swedish start-up company H2greensteel to purchase 100,000 tons of the virtually CO2-free steel, which is produced using hydrogen, on an annual basis with effect from 2025. This makes Schaeffler the first tier 1 supplier worldwide to become a customer of the innovative start-up company. The agreement... ... More: Official Press Release Schaeffler AG

Keywords:

Schaeffler, steel, green, Sweden, start up, H2greensteel, sustainability, CO2, emissions, supply chain, carbn neutral