Outokumpu, the pioneer in sustainable stainless steel, has signed a Memorandum of Understanding (MoU) with Boston Metal, a technology company redefining global metals production, to enhance the production of critical carbon-free metals vital for industries such as defence and aerospace.
Under the MoU, the companies intend to initiate a joint development project related to the use of Outokumpu’s high-quality chromium material in critical components of Boston Metal’s proprietary Molten Oxide Electrolysis (MOE) technology and to further improve Outokumpu’s operations’ efficiency and circularity.
As part of the agreement, Boston Metal will evaluate and test their MOE technology with the aim of further improving side-stream recycling within Outokumpu’s operations and improving Outokumpu’s overall circularity approach. Outokumpu will provide chrome-oxide and chromium feedstock which originated from their Kemi mine in Finland to Boston Metal with the aim to help expand and further secure the supply chain for its inert anode—an essential component of MOE for Green Steel.