Outokumpu, a global leader in sustainable stainless steel, announced it 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 defense 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 MOE technology, aiming to further improve side-stream recycling within Outokumpu’s operations and overall circularity approach; Outokumpu will provide chrome-oxide and chromium feedstock, originating from its Kemi mine in Finland, to Boston Metal with the goal to expand and further secure the supply chain for its inert anode — an essential component of MOE for Green Steel.
Courtesy of Outokumpu.