H2 Green Steel signs €1.5b agreement with automotive supplier

ZF directly and indirectly processes around 2.5Mt/yr of steel worldwide. According to a company press release, this agreement covers a significant share of ZF’s yearly steel volumes, making it strategically important in the company’s efforts to decarbonize its operations.

ZF is currently aiming to be climate neutral by 2040, including value chain emissions. This agreement, valued at €1.5 billion, is expected to reduce CO₂ emissions by close to 2.3Mt compared to traditional steelmaking processes.