Joint sales for US Centrus and CoverDyn

14 April 2016

US uranium enrichment company Centrus Energy Corporation and uranium conversion company ConverDyn on 12 April signed a memorandum of understanding to explore the potential for joint sales of their respective nuclear fuel products and services around the world. The MOU established a framework for the two companies 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", Centrus said. "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." ConverDyn - a general partnership between US firms General Atomics and Honeywell - supplies over 60% of the world's NPPs from the its UF6 conversion facility in Metropolis, Illinois.

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