Norwegian titanium companies have been granted funding to
develop a brand-new production technology, which may mark the beginning of a
revolution in industry worth billions.
With funding from the User-driven Research based Innovation
(BIA) programme at the Research Council of Norway, Norsk Titanium Components
(NTiC) has developed an entirely new method of producing titanium components,
making it cheaper and easier to capitalise on this material of tomorrow.
Titanium is a material that is in high demand in the oil and
gas, aerospace and defence industries. Norway has large reserves of this raw
material, but producing end-products made of titanium is currently both
expensive and difficult.