First EU Center of Nuclear Fuel


Company mission

to ensure independent safe production and electricity supply for the European Union market by means of creation and development of the new enterprises of the nuclear fuel cycle.

Сompany strategy

to provide a comprehensive set of measures to create a closed production cycle until 2025.

Company goals

In Uranium production:

To ensure the uranium raw materials extraction and production of uranium concentrate and natural uranium hexafluoride in a volume of 3000 tons of uranium per year due to the following:

  •  acquisition, exploration and development of licensed areas for the uranium raw materials extraction in various regions of the world (primarily in Mongolia, Kyrgyz Republic, Middle East and African countries);
  •  acquisition and / or construction of hydrometallurgical facility for natural uranium concentrate production;
  •  development of cooperative research and production links with leading producers of natural uranium concentrate;
  •  uranium products sales, incl. integration of the company’s production facilities into the activity of the IAEA's Uranium Bank;
  •  development of co-production of rare-earth, poly metallic, precious metals and alloys;
  •  foundation/ participation in the construction of a new plant for the conversion of natural uranium;
  •  participation in the assets of uranium enrichment.

In nuclear fuel production:

To ensure the production of nuclear fuel for PWR (including VVER) and CANDU up to 1000 tones per year due to the following:

  •  participation in the assets for the production of fuel pellets;
  •  creation/ participation in the construction of new zirconium production;
  •  construction of a plant for nuclear fuel production;
  •  nuclear fuel supply to NPPs in Ukraine, Hungary, Turkey, UAE and other countries.

In nuclear power plant construction:

Construction/ participation in the construction of NPPs in Ukraine and EU countries

In spent nuclear fuel reprocessing:

To ensure the production of nuclear fuel for CANDU-type reactor on the basis of reprocessed spent fuel of PWR/VVER reactors

In electricity supply:

To ensure the supply of electricity to the EU market in the amount of up to 30 billion kWh per year due to the following:

  •  construction of transmission lines
  •  construction of HVDC converters
  •  participation in the operation of the EU energy market

In Hydrogen Industry development:

  • to establish facilities for H production in Ukraine
  • to design, build and operate pilot H-refueling stations
  • to make expertise in coal gasification
  • to design, build and operate pilot coal gasification plants

Company activities

KEY POINT


Utilization of Uranium-238 in a Nuclear Fuel Cycle gives a rise to  a number of outstanding issues which require sound technical solutions as well as essential safety measures. In order to avoid the above outstanding issues a hybrid fusion-fission thorium fuel cycle is proposed as an alternative with the following advantages: 

  • does not produce weapon plutonium;
  • does not produce long lived actinides;
  • requires cheaper natural resource;
  • uses existing infrastructure for power generation.

 

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