ArcelorMittal, the world’s leading steel and mining company, and Snop, a major tier-one European automotive supplier, have signed a sustainability-focussed memorandum of understanding (MoU) this morning at Snop’s headquarters in Villepinte, France. The agreement also includes a commitment to trial the use of high strength, low carbon-emissions steel in structural car parts. The MoU seeks to strengthen the two companies’ cooperation on environmental sustainability, specifically through the use of XCarb® solutions that contribute to the decarbonisation of the automotive sector. XCarb® is the name under which all ArcelorMittal’s low-carbon emissions products and all decarbonization initiatives are grouped.
The MoU includes an agreement to trial the use of Usibor®, a high-strength steel, made using ArcelorMittal’s XCarb® recycled and renewably produced steel. More broadly, the MoU covers the supply and purchase of other XCarb® solutions including XCarb® green steel certificates.
Usibor® manufactured with XCarb® recycled and renewably produced substrate, typically has a CO2 footprint that is almost 70% lower compared with conventionally produced steel. High-strength structural car parts, used in the frame of a vehicle, have already been manufactured by the Snop and ArcelorMittal teams, with the first tests of the parts underway.