Centrus Energy signs MoU with ConverDyn

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15 April 2016, Nuclear, Solar, Wind

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"We believe that, working together with ConverDyn, we can provide customers the benefits of flexibility in satisfying their fueling needs while strengthening the US nuclear supply chain," said Daniel B. Poneman, Centrus president and CEO.

Malcolm Critchley, ConverDyn President, stated: "By working with Centrus, ConverDyn is able to better capitalize on its position in the value chain by combining uranium supply and conversion with Centrus' enrichment to create integrated supply solutions for customers."

The MOU establishes a framework to work together to pursue various commercial initiatives to support greater competition in the world nuclear fuel cycle, including through sales of enriched uranium product containing components supplied by each party. Such sales could occur in a variety of potential transaction structures where each party would supply a different component of the enriched uranium product and one or both parties would contract with the customer for the sale.

Source: MarketLine

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