Swedish-Swiss multinational corporation ABB (SWX: ABBN) has announced an agreement with Swedish-based SaltX (STO: SALT-B) to jointly advance technologies aimed at decarbonizing hard-to-abate industries like cement production. As part of the deal, ABB will also become a minority shareholder in SaltX. The collaboration is poised to empower SaltX to play a leading role in driving electrification across various industrial sectors.