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Outotec awarded Cristal Global’s mega-size ilmenite smelter project in Saudi Arabia  

By Gerald Ondrey |

Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Cristal Global, the second largest titanium-dioxide-pigment producer in the world, on the design and delivery of technology and services for new ilmenite smelting facilities to be located in Jazan Economic City, Saudi Arabia, as well as installation and construction of the plant on a pure turnkey basis. The overall contract value exceeds €350 million, which will be booked in Outotec’s second quarter order intake with the revenues recognized gradually over three years. The order supports Outotec’s long term growth and profitability targets and does not affect the company’s financial guidance for 2012. Ilmenite is an iron titanium oxide and the primary ore of titanium. It is also used in the manufacture of titanium dioxide, a bright white powder used as a base pigment in paint, paper and plastics. Cristal Global has ilmenite mines in Australia and pigment plants in the USA, Europe and Saudi Arabia. In this new mega size ilmenite smelter, Outotec’s ferroalloy smelting technology is applied for processing the ilmenite to titanium dioxide slag. The plant’s initial annual capacity will be 500,000 metric tons of titanium dioxide slag, and its…
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