Finnish stainless steel producer Outokumpu says a new alliance with US electric-metal technology company Boston Metal can help accelerate its planned move into advanced materials and alloys.
The two companies have signed a memorandum of understanding to apply Boston Metal’s proprietary Molten Oxide Electrolysis (MOE) technology in Outokumpu’s chromium production and side-stream steel recycling operations.
Outokumpu says it will also provide chrome-oxide and chromium feedstock from its Kemi mine in Finland to Boston Metal to help secure its supply of inert anode for green steel MOE.
The Finnish company said in June this year it wanted to enhance the value of its sustainable stainless steel operations, grow profitably in advanced materials and alloys, and invest in innovative materials and technologies under its EVOLVE 2026–2030 strategy.
“I’m extremely excited about the upcoming project with Boston Metal,” Outokumpu chief technology officer Stefan Erdmann said this week.
“This is a collaboration that can take the Outokumpu proprietary technology announced at the company’s Capital Markets Day in early June 2025 to new heights.”
Boston Metal says it is currently commissioning its first commercial MOE plant in Brazil for the production of metals such as niobium and tantalum. It says the modular MOE technology is also being scaled for high-volume applications such as iron and steel production.
“By working with industry leader Outokumpu to explore multiple possibilities involving the chromium metal supply chain, Boston Metal will be better positioned to deliver a sustainable and profitable pathway to unlock new economic opportunities across the metals industry,” said Adam Rauwerdink, Boston Metal senior vice president of business development.
“We welcome the opportunity to deploy our MOE technology to help bring value to Outokumpu’s operations and advance sustainable metals production.”
Woburn, Massachusetts-headquartered Boston Metal said in July this year it was raising US$51 million via a convertible note issue to existing investors such as BHP Ventures, Breakthrough Energy Ventures, Piva Capital and SiteGround.
