Uranium processing company may be for sale

The New York Times reports that Urenco, the British state owned company is thinking of getting out of the uranium enrichment business.

Analysts estimate Urenco’s market value at about 10 billion euros. For all that momentum, though, the company is at a crossroads. Growth may flatten in the next couple of years, executives say, mainly because Japan — a major user of nuclear power until the 2011 Fukushima Daiichi disaster — has shut down its reactors, taking about 10 percent of the world’s nuclear energy generating capacity offline. And the Japanese have stockpiled substantial amounts of fuel for the day, if ever, that those reactors go back into operation…..

“Nuclear strategies have changed,” said Michael Kruse, a consultant on nuclear issues for the management consultant Arthur D. Little in Frankfurt. “Governments no longer think they need to be in this business,” he said, “and utilities in several countries want out after Fukushima.”

Some countries are getting out of the nuclear business.   Other countries, like the US and Japan, see their futures tied to nuclear power.


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