new delhi swedish steelmaker ssab said on wednesday it had agreed with volvo cars to jointly explore the development of fossilfree steel for use in the automotive industry the swedish carmaker owned by chinas geely holding will be the first car maker to source steel from green steel venture hybrit which is owned by ssab swedish stateowned utility vattenfall and swedish miner lkab this steel will be used for testing purposes and may be used in a concept car ssab said in a statement the hybrit project last year began test operations in sweden to replace coking coal traditionally needed for orebased steel making with fossilfree electricity and hydrogen which in turn is produced using only renewable power it aims for a demonstration plant to be ready in 2026 advt together with volvo cars we aim to develop fossilfree steel products for cars of the future ssab said adding that volvo cars aimed to be the first carmaker to use fossilfree steel for its own actual car production reuters published on jun 16 2021 at 1146 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app innovation steel automotive industry new material product innovation auto component industry volvo auto technology homenewsindustryvolvo cars to test fossilfree steel from ssabs hybrit venture