The Ukrainian company Velta Holding, specializing in the extraction and processing of titanium ores, has announced its intention to attract $586 million for three large-scale investment projects in the titanium mining and processing sector, as well as the production of related products.
This is reported by Business • Media
Key investment projects of Velta Holding
The first project – CRM Cluster (Critical Raw Materials Cluster) – involves an investment of $142.5 million. Within this cluster, plans are in place to organize the extraction of ilmenite, zircon, and hafnium, as well as the production of related materials, including kaolin, clay, and sand.
The second investment direction of the company is the production of titanium powders and finished products using the patented Velta Ti Process technology, which is positioned as a modern alternative to the traditional Kroll method. For this project, the company plans to allocate $421 million.
The third project, with an investment volume of $22.5 million, involves the organization of kaolin exports. To achieve this, Velta Holding plans to deploy an industrial line with a capacity of 200,000 tons per year, utilizing the existing infrastructure of its titanium complex.
Technological achievements and funding attraction
The company has already received a patent for its innovative Velta Ti Process technology from the United States Patent and Trademark Office (USPTO). In addition, Velta has secured $2 million in pre-export financing from the American raw materials trader Traxys, which will be directed towards upgrading production capacities.
The Ukrainian mining company Velta Holding, specializing in the extraction and processing of titanium ores, plans to invest $586 million in the implementation of three investment projects.