Velta group of companies with titanium ore mining assets in Novomyrhorod (Kirovograd region) has signed an agreement with international consulting company Hatch to design a titanium powder plant in the United States.
According to a press release on Tuesday, the agreement was signed between Velta Holding US Inc and Hatch.
It is noted that the new plant will be one of the first in the U.S. to operate based on Ukrainian low carbon footprint technology developed at Velta’s research center.
“This partnership agreement brings the Velta team closer to presenting the solution of Ukrainian scientists to the US titanium market, which is dangerously dependent on external supply chains,” the press service quotes Velta CEO Andriy Brodsky as saying.
At the same time, he expressed confidence that thanks to Hatch’s design expertise, the plant will be able to quickly and efficiently meet the demand for titanium for the countries that are Ukraine’s allies in the war.
The capacity of the first plant is designed for 1,000 tons per year of titanium powder with the potential to scale up in the future.
The company also emphasizes its intentions to build a similar plant in Ukraine.
Hatch is a leading consulting company for project design and implementation. The company’s professional experience includes projects in more than 150 countries in the metals, energy and infrastructure sectors, including four major TiO2 projects in Canada, South Africa and Senegal. The company also works closely with the communities where it operates its projects to avoid negative environmental impacts and promote economic development.
Velta Holding US, Inc. owns Velta LLC, a Ukrainian titanium feedstock producer that has built a titanium mining complex in Ukraine.
“Velta launched its R&D center in 2017 to develop a new method of titanium production. To date, the technology has already received two patents in the US.
PKF Velta LLC was registered in April 2000. The main activity is mining and production of ilmenite concentrate.
LLC VELTA Holding owns 100% of LLC PKF VELTA. The ultimate beneficiaries are three individuals: Andrey Brodsky (60%), Vadim Moskalenko (20%) and Vitaly Malakhov (20%).
