• 3 minutes Top 3 Skills for Traders
  • 5 minutes Oil at $40
  • 8 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 2 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 5 mins Ecoside
  • 21 hours Guaido and the Conoco Award
  • 22 hours Welcome To The Club: Apple In Talks With Potential Suppliers Of Sensors For Self-Driving Cars
  • 12 hours Is Canada hosed?
  • 23 hours Opening up the waters off the coast of Florida to oil and gas drilling
  • 22 hours Trump Torpedos Oil Pipeline Haters
  • 19 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
  • 1 day The Key Players In Libya's "Potential" Civil War
  • 1 day Everything Is Possible: Germany’s Coal Plants May Be Converted to Giant Batteries
  • 1 day Tax Credits for Energy Storage
  • 18 hours Negative Gas Prices in the Permian
Intel Notes - April 12th

Intel Notes - April 12th

There have been a number…

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