Ovako to partner up in the Polestar 0 project

 

To meet the climate challenges and the ultimate goal of reaching zero carbon emissions, Ovako is partnering up in the Polestar 0 project, committed to collaborate on the company´s moon-shot goal to produce a climate-neutral car by 2030.

From a world leading position and since January 1, 2022, Ovako produces all engineering steel through 100% carbon neutral operations and with above 97% in recycled content in the steel products, the company will continue its journey towards lowest carbon footprint possible.

Further plans for improvements are announced in the latest sustainability report. At these levels — Ovako´s crude steel operations being about 95% below world steel average and 80% below on a cradle to gate perspective, the company is still not satisfied.

Marcus Hedblom, CEO of Ovako, comments: “To stretch our efforts even further we have decided to take up the challenge and join in the Polestar 0 project, committed to collaborate on the Polestar moon-shot goal to produce a truly climate-neutral car by 2030”.

Hans Pehrson, leader of the Polestar 0 project, says: “A project of this ambition requires partners at the cutting-edge of their industries and which are fully engaged in our bold vision. That’s why I’m looking forward to Ovako becoming a crucial part of our team as we find solutions for developing an entirely climate-neutral supply chain. Ovako’s expertise in engineering steel from 100% carbon-neutral operations and 97% recycled content will be invaluable in our mission and will play an integral role in pioneering new and innovative technologies to achieve what has so far been impossible.”

Ovako´s role in this project will be to put extra resources on maximum reduction of CO2-footprint due to upstream effects from alloying content as well as increasing the reuse of the internal waste produced and thus even further cutting the need for sourcing virgin raw materials.

See more information about the Polestar 0 project


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