17.6 C
Belgrade
09/10/2024
Mining News

EU grants €7.3 million to Ukrainian company Velta for titanium project

Ukrainian company Velta, based in Novomyrhorod (Kirovohrad region), has been awarded a €7.3 million grant from the European Union for a four-year project aimed at advancing titanium extraction and processing techniques. This funding, received under the Resilient Value Chains 2024 competition of the REPTiS project, is intended to enhance every stage of titanium production, from ilmenite ore extraction at the Byrzulivske deposit to the creation of low-carbon titanium powders.

The project will implement and test new methods at Velta’s facilities to improve energy efficiency and reduce environmental impact. Velta’s CEO, Andriy Brodskyi, emphasized the significance of this grant, highlighting Ukraine’s strategic role as an EU partner in critical materials. He noted that the recognition of Ukrainian technologies in Europe opens up new collaboration and development opportunities.

Supported by

The REPTiS project unites 11 leading European companies and research institutes specializing in titanium materials and production. A major focus of the initiative is the development of environmentally friendly technologies for titanium powder production, utilizing the innovative Ukrainian Velta Ti Process.

Furthermore, the Velta RD Titanium Research Center will demonstrate its progress in waste processing and high-quality titanium powder production, which will support the manufacturing of advanced products such as aircraft components, medical implants and watch cases.

Related posts

Canada Nickel advances environmental impact statement for Crawford nickel project

David Lazarevic

Austral Resources unveils promising scoping study highlighting copper production potential in Queensland

David Lazarevic

India’s NIOT conducts successful deep-sea mining trials in the Andaman Sea

David Lazarevic