Arctial completed Pre-Feasibility Study
Press release
Kokkola, Finland — May 29, 2026
Arctial — a partnership between Rio Tinto, Mitsubishi Corporation, Fortum, ABB, Vargas, Tesi and Siemens Financial Services — has completed its Pre-Feasibility Study for the development of low-carbon primary aluminium production in Kokkola-Kruunupyy, Finland.
Based on the study results, the partners have decided to proceed with more detailed technical, commercial and financial planning. The company has submitted the Environmental Impact Assessment in May 2026. As part of the process, public hearings in Kokkola-Kruunupyy will be held during the summer 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” says Torbjörn Sternsjö, CEO of Arctial.
Europe remains a significant net importer of primary aluminium, while demand for low-carbon aluminium continues to grow rapidly, driven by the energy transition, ambitious decarbonisation targets and the increasing focus on lightweight materials. In a changing geopolitical environment, strengthening resilient and secure industrial value chains within Europe is becoming increasingly important for both industrial competitiveness and supply security.
“Arctial is at the forefront of Europe’s re-industrialization. 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” says Pekka Vauramo, Chairman of the Board.
Arctial continues to work towards a final investment decision regarding the manufacturing facility. The company is committed to bringing low-carbon aluminium produced in Europe, for Europe.
For interview requests please contact:
Linda Jansson
Communications Manager
+358 44 5370 254