Finance
Outokumpu signs MoU with Boston Metal to enhance production of carbon-free metals
Published by Global Banking and Finance Review
Posted on September 9, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 9, 2025
1 min readLast updated: January 22, 2026
Outokumpu partners with Boston Metal to enhance carbon-free metal production, aiming to reduce greenhouse gas emissions and support clean energy transition.
(Reuters) -Finnish steelmaker Outokumpu said on Tuesday that it had signed a memorandum of understanding with U.S.-based Boston Metal to enhance the production of critical carbon-free metals.
Carbon-free metals are seen as a key component of clean energy transition and a contributor to environmental sustainability.
The two groups intend to establish a joint development project related to the use of Outokumpu's chromium material from its Kemi mine in Finland in components of Boston Metal's molten oxide electrolysis technology.
Boston Metal aims to commercialize the molten oxide electrolysis process with equipment capable of taking the heavy greenhouse gas emissions out of steel production.
"The joint development showcases our ability and commitment to drive our newly announced EVOLVE strategy for 2026–2030 forward," Outokumpu's chief technology Stefan Erdmann said in a statement.
(Reporting by Jagoda Darlak; Editing by Matt Scuffham)
The memorandum of understanding aims to enhance the production of critical carbon-free metals through a joint development project.
Carbon-free metals are considered essential for the clean energy transition and play a significant role in promoting environmental sustainability.
Boston Metal aims to commercialize the molten oxide electrolysis process, which is designed to eliminate heavy greenhouse gas emissions from steel production.
Outokumpu's EVOLVE strategy, announced for the period of 2026–2030, focuses on driving innovation and sustainability in metal production.
The joint project will utilize chromium material sourced from Outokumpu's Kemi mine in Finland.
Explore more articles in the Finance category
