Outokumpu has finalized study on emerging nuclear technology, seeks external investors to complete the project

Finland-based Outokumpu has completed a feasibility study on building a small modular reactor (SMR) near its largest stainless steel plant in Tornio. The study confirmed the project’s feasibility, with no significant obstacles, and highlighted the advantages of the Tornio region, such as the availability of sea cooling water. Outokumpu is seeking external investors to further develop the project, as the company has decided not to diversify into energy production. The initiative aligns with Outokumpu’s decarbonization strategy, emphasizing the importance of stable electricity supply for industrial electrification and carbon capture and utilization (CCUS) projects.