Joint U.S., Soviet Recycling Program of Weapons-grade Uranium Into Low-enriched Fuel Almost Complete

By International Business Times,  July 10, 2012, 03:30:30 AM EDT

USEC Inc., a global energy company and provider of enriched uranium fuel and nuclear industry-related services for commercial nuclear power plants, announced it has completed by 90 per cent the conversion of weapons-grade uranium from dismantled former Soviet Union nuclear warheads into low enriched uranium fuel under the program called Megatons to Megawatts( TM ).

Megatons to Megawatts( TM ) is a 20-year, commercially financed government-industry partnership in which 500 metric tonnes of Russian weapons-grade uranium is transformed to low enriched uranium for use as commercial reactor fuel. USEC, as executive agent for the U.S. government, and JSC "Techsnabexport" (TENEX), for the Russian government, implement the programme.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TM



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