Volvo and CRH Collaborate on Decarbonization
2023年11月14日 - 10:10PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Volvo has signed an agreement with Irish
building-materials supplier CRH as two companies aim to accelerate
net-zero innovations in the design and deployment of on-road
vehicles and off-road equipment used in construction.
Swedish truck maker Volvo said Tuesday that the memorandum of
understanding will focus on next generation technology deployment,
scaling, and operational efficiency.
CRH, which moved its primary listing to New York in September,
aims to identify opportunities to maximize the value of sustainable
innovation in construction, while Volvo will contribute with
expertise from its truck and construction equipment brands in
sustainable transport and infrastructure solutions.
Volvo's target is to have 35% fully electric sales by 2030 and
be net-zero in its value chain by 2040. CRH is targeting a 30%
reduction in groupwide emissions by 2030 and to become a net-zero
business by 2050.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 14, 2023 07:55 ET (12:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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