Fortum and the Korean Waste Management Agency (Korad) have signed a memorandum of understanding (MOU) to cooperate in the field of radioactive waste management formalising existing collaboration and providing for information sharing.

Over the past few years, Fortum has provided consultancy services to Korad on waste management and disposal-related topics through two different assignments. This included Fortum’s experience in operating final repositories for nuclear waste.

Korad, a quasi-governmental organisation established in 2009, is responsible for the transportation, storage, treatment and disposal of waste, as well as site selection, construction, operation and post-closure management of the waste management facility.

“The newly signed MOU facilitates and paves the way for more detailed technical support and consultation activities, which can now be executed on a commercial basis under separate case-specific agreements,” said Antti Ketolainen, Director for Decommissioning & Waste, Nuclear Services at Fortum. “For us at Fortum’s Nuclear Services, this represents an opportunity to strengthen collaboration with Korad, identify new service project opportunities, and expand our waste management and final disposal-related services.”