The strategic partnership will focus on electrification, charging infrastructure, low carbon fuels and renewable energy, which have the combined potential to reduce emissions, it added.

 

Volvo CE said it will play a major role in exploring holistic net zero innovations for the construction industry together with CRH following the MoU inked with the group.

 

Both organisations share a determination to decarbonize construction and have set themselves ambitious net zero targets in line with the aims of the Paris Agreement. They will jointly explore decarbonization opportunities across transport, operations and materials.

 

As part of the strategic agreement, Volvo CE said it will take on responsibility for next generation technology deployment, the scaling up of cutting edge technology and operational efficiency for the off-road segment in a bid to reduce carbon emissions, while maintaining high levels of productivity.

 

While it is not yet determined which solutions will be included in the scope, it is likely to involve vehicle electrification and charging infrastructure to reduce transport emissions, productivity and sustainability services and the deployment of low-carbon fuels for both on-road and off-road equipment.

 

Volvo CE said it is committed to helping customers lead by example through partnerships that showcase the power and productivity of electric solutions.

 

The company already has a productive collaboration with CRH spanning many years, resulting in the handover of North America’s first machine made using fossil free steel, a Volvo A30G articulated hauler. It is now operating at Pennsy Supply, a CRH company in North America.

 

Another pioneering partnership recently saw the two companies collaborate in a Low Carbon Roads event, where CRH company Tarmac put to work three zero-emission Volvo CE machines on the maintenance of a highway in Durham, UK. 

 

The L120H Electric Conversion wheel loader, L25 Electric compact wheel loader and EC230 Electric excavator were tested over three separate days last month.

 

Melker Jernberg, President of Volvo CE, who will be leading the off-road aspect of the partnership, said: "Partnerships are key to accelerating decarbonization and our collaboration with building materials solutions leader CRH will help both companies to achieve their net-zero ambitions. We move faster and create more impactful change when we work together."

 

The two leaders share strong sustainability ambitions. Volvo CE is targeting 35% fully electric sales by 2030 and aiming to achieve net zero greenhouse gas emissions across its entire value chain by 2040. CRH meanwhile is targeting a 30% reduction in group-wide emissions by 2030 and to become a net-zero business by 2050.

 

"At CRH we’re innovating for a low-carbon future and with deep expertise in sustainable transport and infrastructure solutions. Volvo Group is a natural strategic partner for CRH and this collaboration is an important step in our shared commitment to decarbonizing our businesses," explained Eunice Heath, Chief Sustainability Officer, CRH.

 

Other Volvo Group businesses participating in the partnership include Renault Trucks, which has developed the first fully electric concrete mixer in the UK together with Tarmac, Volvo Trucks, which introduced the first Volvo FM electric truck in France on behalf of CRH company Eqiom, and Mack Trucks, he added.-TradeArabia News Service