To reduce its upstream emissions, which account for over one-third of the company's carbon footprint, Cargotec will start using 'green' steel for producing its cargo handling equipment.
According to the parties, steel demand will rise in the future, requiring the development and use of fossil-free alternatives.
"I am proud that we are paving the way in the cargo handling industry through commitment to using fossil-free steel and have this unique opportunity to work with a forerunner in fossil-free steel development. This is an important step towards our vision of becoming a leader in sustainable cargo flow," Mika Vehviläinen, Cargotec' CEO, said.
SSAB's President and CEO, Martin Lindqvist, also commented, "We are happy to welcome Cargotec as a partner for fossil-free steel products. Close collaboration with the development of a fossil-free value chain means we contribute to strengthening our customers' competitiveness and to reducing their carbon footprint. Together, we also ensure the best solutions for end users."