The Ukrainian company Velta Holding, which specializes in the extraction and processing of titanium ores, has announced its intention to invest $586 million in the development of three large-scale projects in this sector.
This is reported by Finway
Key investment projects of Velta Holding
The first project, CRM Cluster (Critical Raw Materials Cluster), involves an investment of $142.5 million. Its goal is to organize the extraction and processing of titanium (ilmenite), as well as derivatives of zirconium and hafnium. Additionally, the project plans to obtain by-products, including kaolin, clay, and sand.
The second direction is the production of titanium powders and finished products using the innovative Velta Ti Process technology. The total investment in this project amounts to $421 million. This technology is a modern alternative to the traditional Kroll method, allowing for increased production efficiency and reduced costs.
Expanding export potential and technological achievements
The third project involves the export of kaolin, with investments reaching $22.5 million. Within this project, an industrial line with a capacity of 200,000 tons per year is planned to be launched, which will operate based on the existing infrastructure of the company’s titanium complex.
“Velta has received a patent from the United States Patent and Trademark Office (USPTO) for its own innovative Velta Ti Process technology. The company has also secured $2 million in pre-export financing from the American raw materials trader Traxys, which will be directed towards the reconstruction of production facilities.”
The planned investments will strengthen Ukraine’s position in the international titanium market, and the implementation of new technologies and expansion of production capacities will contribute to the growth of exports and the development of the country’s mining industry.