New annual
supply agreement with H2 Green Steel enables Mercedes-Benz to bring almost
CO₂-free steel into series production in line with its plans to decarbonise its
steel supply chain with partners worldwide.
Swedish start-up H2 Green Steel (H2GS) is
to supply approximately 50,000 tonnes of almost CO₂-free steel per year, to be launched in various
Mercedes-Benz vehicle models
The German luxury carmaker has signed a
supply agreement with H2GS for supply of almost CO₂-free steel per year for its European press shops and
deepened its partnership through a Memorandum of Understanding (MoU) with the
aim to establish a sustainable steel supply chain in North America.
After taking an equity stake in H2GS in 2021, the new supply agreement enables
Mercedes-Benz to bring almost CO₂-free steel
into series production. The partner plans to start its production during 2025.