Antinuclear

Australian news, and some related international items

Australian company Silex pulls out of U.S. laser uranium enrichment projects

Silex pulls out of U.S. laser enrichment projects, JUNE 13, 2018

 Silex Systems Limited, an Australian company that own the Silex laser enrichment technology, announced that it will not be participating in the restructuring of the Global Laser Enrichment (GLE), a venture that was set up by General Electric and Hitachi to use the technology to build uranium enrichment facilities in the United States. Canadian company Cameco joined the project in 2008.

In 2012 GLE obtained a license to build an enrichment facility in Wilmington, NC. That project, however, was put on hold as the demand for enrichment services dropped after Fukushima. In 2014, GLE expressed interest in building a facility in Paducah, at the site of the gaseous diffusion plant closed down in 2013. The new plant was supposed to enrich tails of the old enrichment operation to produce “natural-grade” uranium. In November 2016 GLE secured an agreement with the U.S. Department of Energy to acquire the tails. In April 2016, however, GE-Hitachi announced its intent to leave GLE. Silex Systems considered acquiring the GE-Hitachi stake in the company (which is 76%), but now ti decided against it.

In addition, Silex said it intends to give notice to GLE of the termination of the SILEX technology license “unless circumstances change dramatically in the short term”. This most likely means that all plans to build a Silex-based commercial uranium enrichment facility in the United States are now terminated.

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July 14, 2018 - Posted by | AUSTRALIA - NATIONAL, business, technology, uranium

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