• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 8 hours Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 1 day We're freezing! Isn't it great? The carbon tax must be working!
  • 1 day US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 4 hours Trump has changed into a World Leader
  • 5 hours Beijing Must Face Reality That Taiwan is Independent
  • 2 hours Let’s take a Historical walk around the Rig
  • 2 days Indonesia Stands Up to China. Will Japan Help?
  • 5 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 4 hours Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 2 days Might be Time for NG Producers to Find New Career
  • 2 days Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 days Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard

U.K. MOX Plant Closure to Cost Japanese Utilities Billions

U.K. MOX Plant Closure to Cost Japanese Utilities Billions

The closure of a plutonium-uranium mixed oxide, or MOX, fuel plant in Britain is set to cost Japan’s nuclear power industry billions of yen in revenue, according to industry insiders.
 
Japan’s 10 utilities generating nuclear electrical power jointly covered the expenses for renovating the Sellafield-based plant, owned by the British government-affiliated Nuclear Decommissioning Authority, but the British authorities decided in the wake of the 11 March nuclear catastrophe in Fukushima that Japan would no longer be interested in purchasing British MOX nuclear fuel and has decided to close the processing facility, The Japan Times newspaper reported.
 
The decision has not been without controversy in Britain as earlier this month the Royal Society recommended that the British government should consider building a new mixed-oxide fuel reprocessing facility to reuse the country's huge stockpile of separated plutonium as part of a long-term nuclear strategy.
 
Royal Society working group chairman and British Atomic Energy Authority head Roger Cashmore said, "This is the only way of dealing with it which is reliable."
 
British Energy and Climate Minister Chris Huhne said that Britain has approximately 6,900 cubic meters of high-level nuclear waste which the British government currently spends roughly $31.6 billion annually to manage, telling reporters, "My department has just finished consulting on the long-term management of our plutonium stockpiles, and will publish the results shortly."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play