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Urenco welcomes US DOC draft agreement on Russian uranium imports
17 September 2020 Global NewsUrenco welcomes the draft agreement by the US Department of Commerce (DOC) and Rosatom on the level of uranium imports into the US from 2021-2040.
The need for a revised ‘Suspension Agreement’ was highlighted by the conclusions of the Nuclear Fuel Working Group and US DOC’s post-preliminary analysis in the Administrative Review of the current agreement.
The DOC has taken into account the diverse concerns of US stakeholders to produce a balanced solution, which will help support domestic enrichment capacity and reinvestment in that capacity.
Urenco’s New Mexico facility, UUSA, operated by Louisiana Energy Services, is a domestic supplier of enrichment services in the US. Our involvement in the US uranium market is in the best interests of our customers to ensure a reliable, transparent and timely supply of nuclear fuel to US reactors.
In 2008, the Domenici Amendment codified the current Suspension Agreement into US law. Since there is a termination clause in the new Suspension Agreement, LES would support a similar codification into US law to ensure that it lasts until 2040.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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