One of the world’s leading producers of surface alloys for use in hot acid environments, Tantaline announced that $3.6 million Series B funding round has been closed.
The funds will help to enhance Tantaline’s technical and market capabilities in Europe and the U.S. The round has been led by CC Holdings, Vaekstfonden and Berwind Private Equity.
At present, industrial processes and advanced applications make more effort for higher energy efficiency along with high temperatures and pressures and more aggressive chemistries. Hence, they consistently increase the limits of materials. Thus, corrosion becomes a major challenge to the safety, durability, cost- effectiveness and success of the industrial applications. Tantaline meets this challenge by offering the highest corrosion-resistant material to the market.
Tantaline’s tantalum surface alloy technology provides the best combination of cost and performance. The technology includes heating and reacting of pure tantalum metal to produce tantalum in a gaseous form and creating an alloy bond over the surface of a part. The finished part has the shape and size of the original OEM part but the chemical and corrosion resistance properties is same as pure tantalum metal. Thus, the use of the Tantaline’s technology results in the most corrosion-resistant product. The product provides superior corrosion performance than zirconium, titanium and HASTELLOY B, C, and D alloy grades. The corrosion-resistant products from Tantaline are used mainly in mining, pharmaceuticals, energy, chemical processing and oil and gas industries.
Source: http://www.tantaline.com/