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    Home > Finance > Outokumpu signs MoU with Boston Metal to enhance production of carbon-free metals
    Finance

    Outokumpu signs MoU with Boston Metal to enhance production of carbon-free metals

    Published by Global Banking & Finance Review®

    Posted on September 9, 2025

    1 min read

    Last updated: January 22, 2026

    Outokumpu signs MoU with Boston Metal to enhance production of carbon-free metals - Finance news and analysis from Global Banking & Finance Review
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    Tags:sustainabilityinnovationpartnershiptechnologyenvironmental issues

    Quick Summary

    Outokumpu partners with Boston Metal to enhance carbon-free metal production, aiming to reduce greenhouse gas emissions and support clean energy transition.

    Table of Contents

    • Collaboration for Sustainable Metal Production
    • Details of the Memorandum of Understanding
    • Impact on Greenhouse Gas Emissions
    • Outokumpu's EVOLVE Strategy

    Outokumpu Partners with Boston Metal to Boost Carbon-Free Metal Production

    Collaboration for Sustainable Metal Production

    (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.

    Details of the Memorandum of Understanding

    Carbon-free metals are seen as a key component of clean energy transition and a contributor to environmental sustainability.

    Impact on Greenhouse Gas Emissions

    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.

    Outokumpu's EVOLVE Strategy

    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)

    Key Takeaways

    • •Outokumpu partners with Boston Metal for carbon-free metals.
    • •Focus on sustainable metal production and clean energy.
    • •Joint project to use Outokumpu's chromium in new technology.
    • •Boston Metal's process aims to reduce steel production emissions.
    • •Supports Outokumpu's EVOLVE strategy for 2026–2030.

    Frequently Asked Questions about Outokumpu signs MoU with Boston Metal to enhance production of carbon-free metals

    1What is the purpose of the MoU between Outokumpu and Boston Metal?

    The memorandum of understanding aims to enhance the production of critical carbon-free metals through a joint development project.

    2How does carbon-free metal production contribute to sustainability?

    Carbon-free metals are considered essential for the clean energy transition and play a significant role in promoting environmental sustainability.

    3What technology does Boston Metal plan to commercialize?

    Boston Metal aims to commercialize the molten oxide electrolysis process, which is designed to eliminate heavy greenhouse gas emissions from steel production.

    4What is Outokumpu's EVOLVE strategy?

    Outokumpu's EVOLVE strategy, announced for the period of 2026–2030, focuses on driving innovation and sustainability in metal production.

    5What material will be used from Outokumpu's Kemi mine?

    The joint project will utilize chromium material sourced from Outokumpu's Kemi mine in Finland.

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