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Though titanium is a high-value engineering metal with widespread applications the problems with titanium are: Significant oxygen consumption High buy-to-fly (BTF) ratio (the weight of the raw materia... Though titanium is a high-value engineering metal with widespread applications the problems with titanium are: Significant oxygen consumption High buy-to-fly (BTF) ratio (the weight of the raw material purchases compared to the weight of the final product) No suitable substitutes Expensive Industry Applications: Automotive Aerospace Chemical Plants Desalination Sports Biomedical Marine Oil & Gas production Power generation (gas turbine) INL's Solution: Two-pronged approach Conversion of titanium oxide/oxide mixtures containing titanium to commercially pure titanium and its alloys Transform oxidized/waste alloys to usable grade alloys Refined Alloys can directly be put back into the service chain The process is generic in nature: Applicable to a host of waste engineering metal and alloys Investments: Purchase price of Ti 64 scrap: $1.5-4 / lb Processing cost: ~ $10 / lb Total investment: ~ $15 / lb Return on Investment Market price of the refined Ti 64 bar: $26/lb INL is seeking to license the above intellectual property to a company with a demonstrated ability to bring such inventions to the market. Exclusive rights in defined fields of use may be available.