KYIV, Oct 29 – The Velta industrial and commercial firm with assets extracting titanium ores in Kirovohrad region has received a favorable decision from the Ukrainian Institute of Intellectual Property (Ukrpatent) regarding own innovative method of obtaining metal titanium.

The new method significantly reduces the cost of titanium thanks to the low energy consumption of the process. Titanium has a number of significant advantages over widely used metals: It is durable and light-weight, withstands extreme temperatures and aggressive environments, and is biocompatible. However, the high cost historically restrained the explosive growth of its application. Thus, the Ukrainian invention of obtaining affordable titanium can start the process of global changes in the metal market. Moreover, Velta's technology includes a zero-emission concept.