Outokumpu Partners with Boston Metal for Carbon-Free Steel Production

Outokumpu, a leading Finnish steel manufacturer, has taken a significant step towards advancing the production of carbon-free metals by signing a memorandum of understanding with Boston Metal, a U.S.-based company. This strategic partnership is aimed at supporting the global transition to clean energy and promoting environmental sustainability.

The collaboration will focus on a joint development project centered around Outokumpu's chromium materials at its Kemi mine in Finland. The project will explore the application of these materials in components related to Boston Metal's molten oxide electrolysis technology. This technology has the potential to revolutionize the steel industry by eliminating significant greenhouse gas emissions from the production process.

Boston Metal's goal is to commercialize this innovative technology, which could play a crucial role in achieving global sustainability targets. By leveraging Outokumpu's expertise in chromium materials and Boston Metal's advanced electrolysis technology, the partnership aims to drive innovation and sustainability in the steel industry.

Outokumpu's Chief Technology Officer emphasized the importance of this collaboration, stating that it demonstrates the company's capability and commitment to its newly launched 'EVOLVE' strategy for the period 2026-2030. This strategy is designed to drive innovation and sustainability in the steel industry, aligning with global efforts to reduce carbon emissions and promote a greener future.

The 'EVOLVE' strategy is a comprehensive plan that outlines Outokumpu's vision for the future of the steel industry. It focuses on developing new technologies and processes that can reduce the environmental impact of steel production, while also improving the quality and performance of the materials produced. By partnering with Boston Metal, Outokumpu is taking a significant step towards achieving these goals and positioning itself as a leader in the transition to a low-carbon economy.

This collaboration is a testament to the growing importance of sustainability in the steel industry. As the world continues to grapple with the challenges of climate change, companies are increasingly looking for ways to reduce their environmental impact and contribute to a more sustainable future. By partnering with Boston Metal, Outokumpu is demonstrating its commitment to this goal and setting an example for other companies in the industry to follow.