German automaker Mercedes-Benz Group AG aims to at least halve its carbon footprint per passenger car produced by 2030 compared to 2020 levels.
According to the company’s press release, to achieve this goal, it intends to increase the share of electric vehicles in the line of produced cars, use “green” charging technologies, work on improving battery technologies, and also actively use recycled materials and renewable energy sources in production.
Mercedes-Benz expects to produce exclusively electric vehicles by 2030. The company aims to increase the share of hybrid and electric vehicles to 50% of the total volume of passenger cars produced by 2025.
By 2030, the automaker intends to cover more than 70% of its energy needs from renewable sources, in particular through the use of solar panels and wind turbines at its enterprises.
The company has previously said it plans to achieve carbon neutrality in its operations by 2039.
Mercedes-Benz shares lost 1.3% in Frankfurt trading on Monday. Since the beginning of this year, their value has decreased by 8%.
Metinvest, an international vertically integrated group of mining and metals companies, signed a memorandum of cooperation with K1-MET, a leading Austrian research center in metallurgy, to implement joint projects aimed at reducing greenhouse gas emissions in the steel industry in line with the European Green Deal.
As part of its long-term vision to develop emissions-free steelmaking, Metinvest plans to increase the sustainability of its production facilities and is interested in gaining experience of leading technologies aimed at reducing environmental footprint. Meanwhile, К1-МЕТ has profound experience and expertise regarding the implementation of research and development projects focusing on energy efficiency, the circular economy, carbon capture, storage and usage, climate-neutral metal production and other related areas in collaboration with leading industrial players, research organizations and institutes.
Yuriy Ryzhenkov, CEO of Metinvest, pointed to the group’s awareness of the urgent need to reduce the negative impact of metallurgical production on the environment.
“Metinvest is constantly looking at various technological solutions to reduce its emissions today and in the future. The partnership with K1-MET represents an important part of a comprehensive approach to decarbonizing the steel industry in the long run, and we will continue to actively explore this and other areas,” he said.
In turn, Thomas Buergler, CEO of K1-MET, said that the decision of the 2015 climate conference in Paris to limit the global temperature increase to 1.5 degrees Celsius by 2100 compared with the pre-industrial period, and the EU Green Deal 2019, which aims to make Europe a carbon-neutral continent in 2050, highlight great challenges for resource-intensive industry.
“The focus of the research and development programme at the K1-MET metallurgical competence centre is aligned with the climate targets, sustainable development goals and needs of our industrial partners,” the General Director said.
The projects combine carbon-neutral technologies, the circular economy and digitalization for sustainable steelmaking. Strategic research will also be increasingly considered to gain a deeper understanding of process flows. At K1-MET, the interaction of industrial and scientific partners helps to ensure that results from applied research can be transferred to industrial applications. The partnership with Metinvest based on the memorandum signed sets the course for this.
K1-MET (Austria) is one of the leading and internationally renowned metallurgical competence centres for ferrous and nonferrous metallurgy. It cooperates with established national and international partners from the sector to cover issues such as energy efficiency, the circular economy and carbon-neutral metal production. K1-MET and its partners are working on process solutions to advance the transformation of the European metallurgical industry.
AUSTRIAN RESEARCH CENTER, CARBON FOOTPRINT, COOPERATION, METINVEST
