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12 JUNE 2026 AL CIRCLE

Arctial advances low-carbon aluminium project in Finland after pre-feasibility success

EDITED BY : STAFF EDITOR 2MINS READ

Arctial advances

The image used in this article is generated with an AI tool and does not depict any real-time moment

Arctial, a partnership between Rio Tinto, Mitsubishi Corporation, Fortum, ABB, Vargas, Tesi and Siemens Financial Services, has completed the Pre-Feasibility Study (PFS) for its planned low-carbon primary aluminium production facility in Kokkola-Kruunupyy, Finland, marking a key milestone for the project.

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Following the successful completion of the study, the partners have agreed to move into the next phase, which will involve more detailed technical, commercial and financial planning. The company also submitted its Environmental Impact Assessment (EIA) in May 2026, with public hearings in the Kokkola-Kruunupyy region scheduled for the summer of 2026.

"Completing the Pre-Feasibility Study is an important milestone, but significant further work is still required within key areas such as construction, energy and environment before a final investment decision can potentially be made. We are now progressing the work as planned and look forward to continuing the collaboration with our stakeholders to jointly contribute to the success of the project," said Torbjörn Sternsjö, CEO of Arctial.

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The project comes as Europe continues to rely heavily on imports of primary aluminium, while demand for low-carbon metal is rising rapidly due to the energy transition, stricter decarbonisation goals and the growing use of lightweight materials. Against an evolving geopolitical backdrop, the initiative also aims to strengthen secure and resilient industrial supply chains within Europe.

"Arctial is at the forefront of Europe’s re-industrialisation. The project has the potential to create a significant number of jobs in the Kokkola-Kruunupyy region and contribute to economic growth in Finland more broadly," said Pekka Vauramo, Chairman of the Board.

Arctial said it will continue advancing the project toward a final investment decision, with the long-term objective of producing low-carbon aluminium in Europe to serve the European market.

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Last updated on : 12 JUNE 2026

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EDITED BY : STAFF EDITOR 2MINS READ

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