Impakter
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy
No Result
View All Result
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy
No Result
View All Result
Impakter
No Result
View All Result
Home ESG FINANCE Business

Porsche to Start Using Low-Carbon Steel From 2026

byMatt Davies
November 1, 2023
in Business
porsche steel
Share on FacebookShare on Twitter

German carmaker Porsche has entered into an agreement with Swedish startup H2 Green Steel. The aim, Porsche writes, is to “further improve the emissions balance of Porsche vehicles by using CO₂-reduced steel.”

Headquartered in Stockholm and founded in 2020, H2 Green Steel works to “speed up the decarbonization of the steel industry” by producing the material using hydrogen and electricity from renewable energy sources.

Compared to conventional steel production methods that involve coal, H2 Green Steel says its production process generates 95% fewer CO₂ emissions. Its steel production process is thus “almost CO₂-free” and the material produced has “one of the lowest carbon footprints on the market,” according to Porsche.

The first H2 Green Steel manufacturing plant is set to open in Boden, Sweden, in 2025.

The deal between Porsche and H2 Green Steel, announced yesterday, paves the way for the supply of up to 35,000 tons of the startup’s low-carbon steel per year, beginning in 2026. Last year, Porsche used 220,000 tons of steel for all of its vehicles.

Barbara Frenkel, Executive Board Member for Procurement at Porsche AG, emphasized the significance of CO2-reduced steel in their sustainability strategy, stating:

“Porsche is working towards a carbon-neutral balance sheet across the value chain for its cars by 2030. CO₂-reduced steel plays a key role in our sustainability strategy. With the steel from H2 Green Steel, we aim to further reduce the CO₂ emissions caused by this important material.”


Related Articles: How Exposed Is Your Business to Physical Climate Risks? New Tool Lets You Find Out | DHL Signs Historic Deal to Secure 668 Million Liters of Sustainable Aviation Fuel | Is Using Synthetic Fuels A Sustainable Alternative To Buying Electric Cars?

“Energy, processes and materials account for a significant share of CO₂ emissions in the supply chain. That is why we want to increase the use of recycled materials and green electricity in the production processes of direct suppliers as part of our decarbonisation efforts,” Frenkel added.

The CEO of H2 Green Steel, Henrik Henriksson, also expressed enthusiasm about the collaboration with Porsche:

“Few brands are as iconic as Porsche. It stands for quality and a premium product. It’s also a company that is working actively towards a sustainable future, with clear expectations on how the supply chain contributes to that. Having Porsche place an order for near zero-emission steel is a real boost both for us as a company, but also for the transformation of the steel industry, which has very much been driven by the demand from the automotive industry.”


Editor’s Note: The opinions expressed here by the authors are their own, not those of Impakter.com — Featured Photo Credit: MAZOUZI ABDELADIM.

Tags: C02 emissionscarbon footprintCarsClimate ChangeGlobal warmingGreen steelH2 Green SteelPorschesteel
Previous Post

Green Construction Revolution: How Much Will It Cost?

Next Post

Companies ‘Significantly off Track’ to Eliminate Plastic Waste and Pollution, Report Shows

Matt Davies

Matt Davies

Matt Davies is an economist and environmental journalist reporting on pressing issues worldwide. Before taking on sustainabilty, he covered politics and economics in Eastern Europe. He also worked as a photojournalist and shot three documentaries. He hopes his writing encourages readers to act towards a greener, more sustainable future.

Related Posts

ESG news regarding EU deforestation laws, the green funding gap in the EU, UK’s finance minister announces National Wealth Fund investment in carbon capture, BRICS demand that wealthy nations fund the transition to a greener global climate
Business

EU Countries Demand Further Cuts to Deforestation Rules

July 7, 2025
ESG News regarding Google’s AI Summaries Spark EU Antitrust Fight
Business

Google’s AI Faces EU Heat Over Content Scraping

July 4, 2025
Holding the Line: Teresa Ribera’s Fight to Keep Europe Green
Business

Holding the Line: Teresa Ribera’s Fight to Keep Europe Green

July 4, 2025
Next Post
Plastic pollutino

Companies 'Significantly off Track' to Eliminate Plastic Waste and Pollution, Report Shows

Recent News

ESG news regarding EU deforestation laws, the green funding gap in the EU, UK’s finance minister announces National Wealth Fund investment in carbon capture, BRICS demand that wealthy nations fund the transition to a greener global climate

EU Countries Demand Further Cuts to Deforestation Rules

July 7, 2025
Wimbledon sustainability

Wimbledon and Sustainability: How Green Is the Grand Slam?

July 7, 2025
climate disinformation

Climate Disinformation Is Derailing Action: What Can Be Done?

July 7, 2025

Impakter informs you through the ESG news site and empowers your business CSRD compliance and ESG compliance with its Klimado SaaS ESG assessment tool marketplace that can be found on: www.klimado.com

Registered Office Address

Klimado GmbH
Niddastrasse 63,

60329, Frankfurt am Main, Germany


IMPAKTER is a Klimado GmbH website

Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website).


Office Hours - Monday to Friday

9.30am - 5.00pm CEST


Email

stories [at] impakter.com

By Audience

  • TECH
    • Start-up
    • AI & MACHINE LEARNING
    • Green Tech
  • ENVIRONMENT
    • Biodiversity
    • Energy
    • Circular Economy
    • Climate Change
  • INDUSTRY NEWS
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
    • Editorial Series

ESG/Finance Daily

  • ESG News
  • Sustainable Finance
  • Business

Klimado Platform

  • Klimado ESG Tool
  • Impakter News

About Us

  • Team
  • Global Leaders
  • Partners
  • Write for Impakter
  • Contact Us
  • Privacy Policy

© 2025 IMPAKTER. All rights reserved.

No Result
View All Result
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy

© 2024 IMPAKTER. All rights reserved.