Uranium Conversion Industry Overview
Nuclear power plants world-wide required the equivalent of
some 62,000 mtU as UF6 in 2004. Demand is expected to grow
about 0.5% per year over the
next decade. In recent years, one-third of world demand has been met
with secondary sources of UF6, from the disposal of inventories,
of nuclear weapons, tails re-enrichment, and reprocessing of spent nuclear
fuel. Primary converters contribute over 40,000 mtU as UF6. As secondary
sources are depleted, primary converters will need to increase their
share of world supply.
ConverDyn provides conversion-related services to nuclear utilities
in the U.S.A., Europe and Far East. With a sustainable capacity
of 14,000 mtU
as UF6, Honeywell's Metropolis Works facility (Honeywell-MTW)
represents about 25% of installed conversion capacity worldwide.
In addition to Honeywell-MTW, major conversion facilities are located
in Canada, France, and Russia. A conversion plant in the U.K.
is scheduled to close
in early 2006,
which will further contribute to the need for existing converters to expand production.
Want to know more? Learn about the nuclear fuel cycle, nuclear
generation, radioactivity and radiation and the important future
for nuclear power in meeting world energy demand by clicking
from the menu on the right.