Japan Nuclear Fuel Ltd. Joins U.S. Nuclear Industry Recycling Team
March 29 2007 - 5:41PM
PR Newswire (US)
BETHESDA, Md., March 29 /PRNewswire-FirstCall/ -- A U.S. industry
team formed by AREVA Inc., Washington Group International
(NYSE:WNG), and BWX Technologies, Inc. today announced the addition
of a new team member, Japan Nuclear Fuel Ltd. (JNFL), as it
prepares to respond to upcoming opportunities with the U.S.
Department of Energy (DOE). The four-member collaboration fully
endorses the DOE's Global Nuclear Partnership (GNEP) vision and
brings unparalleled domestic and international expertise to support
the program. Under GNEP, the DOE is seeking industry's interest in
a Nuclear Fuel Recycling Center and an Advanced Recycling Reactor
to close the nuclear fuel cycle in the United States. This
recycling initiative will make nuclear energy a truly sustainable
energy resource. "Our integrated team brings years of experience
working together globally, with the DOE and the national
laboratories," said Michael McMurphy, president of Maryland-based
AREVA Inc. "We believe our team reflects the 'Global' and
'Partnership' aspects of GNEP. We're ready to support the DOE and
the nuclear energy industry by establishing the U.S. as a key
player in fuel cycle technology and by providing confidence in our
nation's ability to meet its nuclear waste management
responsibilities." With the addition of JNFL's vast expertise in
developing and operating its Rokkasho Reprocessing Plant in Japan,
the industry group brings together state-of-the-art technical
capability, advanced safeguards and international regulatory
experience, and unmatched industry know-how in the design,
construction, and operation of the Nuclear Fuel Recycling Center
proposed in GNEP. The companies fully support DOE's vision to
develop advanced technologies to recycle used light-water reactor
nuclear fuel, reduce waste, and further limit the risk of nuclear
proliferation while developing a sustainable business plan with
public and private participation. More about the partners: Japan
Nuclear Fuel Ltd. (JNFL) is Japan's pioneer company in the field of
commercial used nuclear fuel reprocessing as well as uranium
enrichment, storage, and disposal of nuclear waste and Mixed-Oxide
fuel fabrication. In Rokkasho-mura, Aomori Prefecture, the test
operation of the world's newest commercial reprocessing plant, for
which JNFL applied state-of-the-art reprocessing technology and
implemented IAEA's full scope safeguards capability, is
successfully in progress. The mission of JNFL is to establish
nuclear fuel cycle technologies for the peaceful use of nuclear
energy. AREVA Inc. is the largest U.S. nuclear energy vendor and
the world's largest fuel cycle company. AREVA has been at the
forefront of development, deployment, and operations of treatment
and recycling facilities as well as sodium-cooled reactors.
Headquartered in Bethesda, Md., AREVA's 5,000 U.S. energy employees
are committed to serve the nation and pave the way for the future
of the electricity market. With 40 locations across the nation and
nearly $2 billion in energy revenues in 2006, AREVA, through its
subsidiaries, combines homegrown leadership, access to worldwide
expertise and a proven track record of performance. In the U.S. and
in over 100 countries around the world, AREVA is engaged in the
21st century's greatest challenges: making energy available to all,
protecting the planet, and acting responsibly towards future
generations. A primary contractor for the U.S. Department of Energy
and its predecessor agencies since 1942, Washington Group
International is a global leader in engineering, procurement,
construction, pre-operational testing, start-up and safe and
efficient operation of complex nuclear and non-nuclear facilities.
Headquartered in Boise, Idaho, with more than $3 billion in annual
revenue, the company has approximately 25,000 people at work around
the world providing solutions in power, environmental management,
defense, oil and gas processing, mining, industrial facilities,
transportation, and water resources. For more information, visit
http://www.wgint.com/. BWX Technologies, Inc. has a 50-year history
of owning and operating nuclear and national security production
facilities both commercially and for the DOE. BWXT is licensed by
the Nuclear Regulatory Commission to fabricate, process, use and
store highly enriched uranium. BWXT currently has a contract with
the DOE at its Lynchburg Technology Center where it has
demonstrated that spent nuclear fuel can be temporarily stored,
transferred and repackaged safely and securely. BWXT is a wholly
owned subsidiary of McDermott International, Inc. (NYSE:MDR), a
leading worldwide energy services company. DATASOURCE: Washington
Group International CONTACT: Penny Phelps of AREVA Inc.,
+1-301-841-1600; or Jerry Holloway of Washington Group
International, +1-208-386-5255; or Regina Carter of BWX
Technologies, Inc., +1-434-522-5158; or Suzukii Kazufumi of Japan
Nuclear Fuel Ltd., +81-175-71-2130 Web site: http://www.wgint.com/
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