Here's how Volvo plans to lower CO2 emissions and become even greener by 2040

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Besides their vehicles already being the safest in the market, Volvo plans to become a circular business by 2040.

This means that every part in its vehicles will be designed, developed and manufactured to be used and reused, either by the company or its suppliers. Additionally, emission-heavy materials such as steel and aluminium will also be re-manufactured, repaired, reused and refurbished.

Anders Kärrberg, Head of Global Sustainability at Volvo Cars says: "Volvo Cars has one of the most ambitious climate plans in the car industry, and if we are to reach our goals, we need to embrace the circular economy."

Clean and green

The Swedish brand already re-manufactures parts such as gearboxes and engines to make better use of materials and reduce emissions - last year, around 40 000 parts were recycled.

To ensure that valuable material can be kept in circulation, they recycled 95% of its production waste last year. This included 176 000 tonnes of steel, avoiding the generation of nearly 640 000 tonnes of CO2.

Volvo is also exploring the potential in second-life applications for its high-voltage batteries. An example is the collaboration with BatteryLoop a company within the Swedish Stena Recycling Group that reuses batteries from the automotive industry.

BatteryLoop and Volvo use batteries from electrified vehicles for a solar-powered energy-storage system. Starting in April, the system will power charging stations for electrified cars and bikes at Swedish hygiene and health firm Essity's business centre.

Beyond efficiency

Volvo, Comsys AB, a Swedish cleantech company, and Fortum, a European energy company, are engaged in a commercial pilot project. It aims to increase supply flexibility at one of Fortum's hydropower facilities in Sweden while contributing to a second life for EV batteries.

Battery packs from Volvo plug-in hybrid's will serve as an energy storage unit, helping to supply so-called 'fast balancing services to the power system.

In 2020, Volvo became a member of the Ellen MacArthur Foundation, the world's leading circular economy network.

Joe Murphy, Network Lead at the Ellen MacArthur Foundation, says: "We welcome Volvo's commitment to design, develop and manufacture its products to be used and reused. It is very encouraging to see the link being made between circular solutions, business strategy and a reduction in carbon emissions. The circular economy offers companies a framework for viable long-term growth that also benefits society and the environment."



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