Luxembourg-based steelmaker ArcelorMittal has announced that it has signed a memorandum of understanding with Germany-based KIRCHHOFF Automotive to develop low carbon-emissions steel for cars and trucks.
The companies will develop and test the use of ArcelorMittal’s Usibor1500® produced with XCarb® technology, in the high-strength parts that KIRCHHOFF Automotive supplies to Europe, Asia, and North America. Usibor1500® is made with recycled steel and 100 percent renewable electricity.
The agreement’s principal focus is to strengthen the two companies’ collaboration on sustainability topics.
ArcelorMittal aims to achieve net zero emissions by 2050 at the latest.
KIRCHHOFF Automotive has a presence across Europe, Asia and North America, with 27 plants in 11 countries.
