From OilPrice, October 7:
- France is looking to boost its capacity for uranium enrichment to help itself and its allies reduce reliance on Russia.
- The country wants to boost capacity for uranium enrichment due to the sanctions imposed by the West over the Russian invasion of Ukraine that could lead to a shortage of nuclear fuel.
- Many governments in the West have doubled down on nuclear power generation after the Russian invasion of Ukraine, which made natural gas in Europe too expensive.
France is considering increasing its capacity for uranium enrichment as the Western allies look to reduce their reliance on Russian nuclear power plant fuel.
French state-held uranium conversion and enrichment specialist Orano SA is reviewing options to boost the capacity at its Georges Besse II plant to 11 million separative work units (SWU) from 7.5 million SWU now, a statement from France’s public debate committee says.
SWU is the standard measure of the effort required to separate isotopes of uranium (U235 and U238) during an enrichment process in nuclear facilities.
France says it wants to boost the capacity for uranium enrichment due to the sanctions imposed by the West over the Russian invasion of Ukraine that could lead to a shortage of nuclear fuel.
Commenting on Orano’s plans, Christophe Neugnot, head of communications at the company, told Bloomberg, “We’re working on various scenarios, including the extension of our Georges Besse II plant, which would be the fastest option, but also on building that extra capacity in the US.”
Orano will need commitments from customers so that its board of directors can make a final investment decision next year....
....MUCH MORE
Related:
Uranium Miner Cameco and Brookfield Renewable Partners To Buy Nuke Maker Westinghouse (CCJ; BEP)
