• 7 hours OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
  • 10 hours Wintershall And LetterOne In Talks For $12B Oil, Gas Merger
  • 12 hours India Exempts State Oil Firms Mergers From Competition Approval
  • 14 hours Turkey Targets $5B Investment In Wind Energy By End-2017
  • 16 hours Weatherford Looks To Sell Assets To Ease Some Of $8B Debt
  • 17 hours OPEC Set To Move Fast On Cut Extension Decision
  • 20 hours Nigeria Makes First Step Away From Oil
  • 1 day Russia Approves Profit-Based Oil Tax For 2019
  • 1 day French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 2 days Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 2 days Oil Production Cuts Taking A Toll On Russia’s Economy
  • 2 days Aramco In Talks With Chinese Petrochemical Producers
  • 2 days Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 2 days Maduro Names Chavez’ Cousin As Citgo Boss
  • 2 days Bidding Action Heats Up In UK’s Continental Shelf
  • 2 days Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 3 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 3 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 3 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 3 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 3 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 4 days Oil Prices Rise After API Reports Major Crude Draw
  • 4 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 4 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 4 days Statoil Looks To Lighter Oil To Boost Profitability
  • 4 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 4 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 4 days Whitefish Energy Suspends Work In Puerto Rico
  • 4 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 4 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 5 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 5 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 5 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 5 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 5 days ConocoPhillips Sets Price Ceiling For New Projects
  • 7 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 8 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
Oil Major: 70% Of Crude Can Be Left In The Ground

Oil Major: 70% Of Crude Can Be Left In The Ground

Oil major Statoil has surprised…

Indonesia and Chile to Build Thorium Nuclear Reactors

Indonesia and Chile to Build Thorium Nuclear Reactors

A small Canadian energy company may soon be about to install thorium-fuelled nuclear reactors in Indonesia and Chile, in order to generate energy for the grid, or desalination plants.

The world currently has 435 commercial nuclear power plants, all of which run off uranium, but thorium is gathering support to replace uranium as a nuclear fuel, for several reasons. Thorium is much safer than uranium, being less likely to suffer a meltdown; it is a far more abundant element meaning that it should be cheaper to produce than uranium; the leftover waste decays at a far faster rate than uranium, meaning that it becomes safe far quicker; and it is much more difficult to create a nuclear weapon out of thorium waste.

David Kerr, the CEO of the Canadian company Thorium Power Canada (TPC), told Mark Halper of Smart Planet, that they are in advanced discussions with authorities from Indonesia and Chile to supply each country with a small thorium reactor.

Related Article: Water Shortages May End Jordan’s Nuclear Power Hopes

TCP bought the technology rights to build its small thorium reactors in January 2012 from DBI/Century Fuels, a small Californian company founded decades ago by Hector D’Auvergne of Chile.

Indonesia hopes to build a thorium reactor on the island of Kalimantan in as soon as two years, the power plant would then be connected to the national grid, or used to power a desalination plant. The plant in Chile would power a desalination facility in the dry northern city of Copiapo.

Each small module will have a capacity of between 10MW and 100MW, and Kerr mentioned that they are attracting some serious interest from Chilean and Argentine mining companies.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Brian Carpenter on June 24 2013 said:
    Outstanding! Thorium solves a lot of problems. I can't wait to see how we'll they work.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News