BMW signs green steel deal

Agreement includes recycling and circular economy measures that will help automaker reduce its carbon footprint

Automaker BMW Group has signed a contract to receive green steel from Swedish firm H2 Green Steel (H2GS). The agreement includes recycling and end-of-life management measures, with a deal to have 40pc of pre-consumer steel scrap volumes returned to H2GS’ electric arc furnaces for recycling. The two firms have also signed a technical cooperation agreement which will include several measures aimed at reducing CO₂ emissions in BMW’s steel supply chain by 2mn t by 2030. BMW has a wider target to cut the lifecycle CO₂ emissions of its vehicles by more than 40pc by 2030. H2GS is also developing a 5mn t/yr green steel facility in Sweden, with startup planned for 2024. “Working with progressiv